The scheme is already underway in the insurance coverage trade and is called “utilization-primarily based insurance coverage (UBI)”. Over 1,000,000 Individuals are holding their nostril and plugging insurance company OBD-II knowledge collectors into their automobiles, exchanging privateness for decrease charges. There hasn’t been a stampede to adopt UBI. This is likely to be as a result of individuals don’t need insurers as again seat drivers, and vice-versa. Or as a result of insurers have but to market a suggestion that people cannot refuse. Both manner, self-reporting ought to proceed to develop. V2V is for “automobile to vehicle”, and is one… Read More
