ISO will equip more than 600 ISO company vehicles with telematics devices to monitor and record data about driving behavior. Information will include Global Positioning System (GPS) and On-Board Diagnostic (OBD-II) data for vehicle information and 3-axis accelerometer data for driving maneuvers.
Telematics data will help ISO, through its Applied Informatix unit, to assess the methods needed to leverage this new source of data for analytics to predict loss and streamline rating, underwriting, and claims workflows.
"ISO is undertaking this effort as part of its pioneering study to assess the predictability of telematics data for rating, underwriting, and claims purposes," says Steven C. Craig, general manager of Applied Informatix and A-PLUS. "Using the ISO fleet as a source of telematics data will provide our analytics staff an invaluable test bed for product development and telematics data troubleshooting."
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