Telematics

Telematics as an interdisciplinary field that encompasses telecommunications, vehicular technologies, road transportation, road safety, electrical engineering (sensors, instrumentation, wireless communications, etc.), and computer science (multimedia, Internet, etc.). Hence the application of telematics can involve any of the following:

In contrast, telemetry involves the transmission of measurements from the location of origin to the location of computing and consumption, especially without affecting control on the remote objects. Though typically applied in the testing of flight objects, telemetry has multiple other uses.

Telematics 2.0

Telematics 2.0 is the name for IoT based telematics technology for automotive industry. Telematics 2.0 utilises smartphone based sensors rather than black-box devices used in the traditional PAYD insurance industry. Telematics 2.0 solutions hit the consumer market in 2012/3 with solutions being offered by leading auto insurers such as AIG and AssetFENCE in the US.

A commercial pilot If SafeDrive was run 2013 in Sweden, where the shortcomings of the smartphone as measurement probe were handled by digital signal processing .

References

Usage-based insurance

Usage-based insurance (UBI) also known as pay as you drive (PAYD) and pay how you drive (PHYD) and mile-based auto insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.

This differs from traditional insurance, which attempts to differentiate and reward "safe" drivers, giving them lower premiums and/or a no-claims bonus. However, conventional differentiation is a reflection of history rather than present patterns of behaviour. This means that it may take a long time before safer (or more reckless) patterns of driving and changes in lifestyle feed through into premiums.

Concept

The simplest form of usage-based insurance bases the insurance costs simply on the number of miles driven. However, the general concept of pay as you drive includes any scheme where the insurance costs may depend not just on how much you drive but how, where, and when one drives.

Pay as you drive (PAYD) means that the insurance premium is calculated dynamically, typically according to the amount driven. There are three types of usage-based insurance: