Connected VehicleInsurance Telematics

RSA Group holds a parliamentary roundtable to discuss on the future of telematics in motoring

Published: February 05, 2015 | London, United Kingdom

RSA held an event at the House of Commons with MPs, transport officials, motor telematics and road safety experts to discuss the future of the motoring industry.

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Hosted by Louise Ellman MP, Transport Select Committee Chair, with guest speaker Claire Perry MP, Parliamentary Under-Secretary for the Department for Transport, the roundtable event provided an opportunity to discuss how Government and business can work together to ensure developments in motoring technologies deliver real benefits for drivers.

Parliamentarians and businesses agreed that new motoring technologies offer real opportunities to help improve road safety and lower insurance premiums, but also stressed the importance of working together to ensure existing motoring regulations and policies are fit for purpose for the cars of the future.

Key issues debated included how telematics can be used to encourage safer driving and the role black box technologies can play in reducing insurance premiums, particularly for younger drivers. Car manufacturers highlighted how they are using technological advancements to improve road safety and the benefits of fitting Autonomous Emergency Braking as standard in all new vehicles. Finally, there was discussion about the benefits and challenges of bringing driverless vehicles to the UK, such as more efficient road use and introducing appropriate international legislation.  

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Commenting on the event, Kenny Leitch, RSA’s global telematics director, said

“Technology is having a significant impact on the insurance industry, especially the motor market. As insurers, we have embraced and responded to these advancements, offering telematics based products to young drivers, with reduced premiums for safe driving, and significant discounts for customers who have Autonomous Emergency Braking fitted into their cars. However, with more changes on the horizon, such as cars that are capable of driving themselves, it’s important that we work with Government, motor manufacturers and road safety experts to ensure we can maximise the benefits these technologies can bring to our customers and to all road users. Today’s event enabled us to achieve exactly that and it was fantastic to get expert insight into how these developments are impacting the motoring market both today and in the future.”

Claire Perry added,

“It is vital that the Government understands and is able to adapt to the changing nature of motoring. New innovations and technologies bring both opportunities and challenges and we are committed to working with the insurance industry, motor manufacturers and technology providers to ensure that road users fully benefit from these advancements through improved road safety and reduced insurance premiums and that policy, regulatory and insurance frameworks remain fit for purpose.”

Louise Ellman concluded,

“It is important to improve the accessibility and usability of transport. By collaborating with industry and working together to trial new technology we can continue to ensure that the UK is at the forefront of motor innovation and that both road users and pedestrians benefit from cleaner, cheaper and easier modes of transport. I am grateful to RSA for leading this debate and look forward to working with them in the future.”

RSA has seen a huge increase in the number of young drivers who are opting for telematics products to help them save money on their car insurance and recently sold its 1000th MORE TH>N SM>RT WHEELS policy just six weeks after the product launch. The company is also the insurance partner for the Government backed driverless cars project in the Royal Borough of Greenwich, London.

Source: RSA

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