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Analysis: Why insurers are not prepared for data-based motor insurance

Many insurers lack the technical capabilities for data-driven temptations. Source: Image by Nile on Pixabay

With the market research that started on March 30, 2022, the EU Commission is preparing regulations for handling vehicle data. The insurers should speak up early in the discussion so as not to be neglected in the design of the lucrative aftermarket services. Tomorrow’s car insurance will be digital. But many insurers still lack the technical skills to do so. A contribution by Marcin Mekler.

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