One of the most well known telematics benefits is the possibility of incorporating the information registered by the box into the parameters of the MTPL tariff (UBI)
The traditional underwriting of the RCA policy is based upon a “snapshot” of certain static variables which belong to the client and his or her vehicle – the impact and weight of this snapshot on the pricing is determined by the analysis of the claims historical series of the company – and the renewal comes after make the same type of “snapshot” after 12 months.
Telematics is becoming more and more used as a way of changing this approach and going more towards an individual pricing of risks, which used the “movie” of the client
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