Benefits of Connected Vehicle data for OEMs

Actionable, valuable insight for insurers

REDTAIL is leading the way in turning connected vehicle data into actionable, valuable insight for insurers. In this bulletin of our thought leadership on this opportunity, we scrutinise the benefits of Connected Vehicle data for OEMs.

Connected Vehicle highlights from Redtail

• In 2019, 71% of vehicles on UK roads were connected
• The forecast is 100% by 2026
• There are 40 million cars on Britain's roads

Premium

We can help you manage a pilot programme with insurers to drive learning and evaluation of connected vehicle data. Our steps are practised and proven:

1) Work with insurers to identify test groups of 100 (say) existing policyholders driving your brands

2) Secure permissions from those policyholders for sharing of car data

3) Work with your tech team to enable APIs, portals and apps for your team to view data

4) Regular review workshops to address progress issues and discuss learnings

5) Post-pilot report with mutually agreed recommendations and next steps

The pilot programme can be set up in a month and we suggest a minimum six months duration.

Quality Connected Vehicle data with Redtail

REDTAIL presents quality data to you through web portals and apps in flexible and readily usable formats.

As a second layer of evaluation, we are adept at ingesting your innovative datasets, and help insurers explore new ways to scrutinise use cases in risk, claims and policyholder engagement.

How Redtail can help…

In conclusion, insurers should be doing more to utilise the benefits of OEM connected data! As a leader in the field, Redtail can help those insurers receive standardised data from different OEMs and we are excited to see this field progress.

So, what do you say, will you join us on this journey?!