The latest development in auto technology to control teen drivers is part of a continuing evolution of vehicles that will increase the sophistication of car insurance underwriting, according to a consultant.
But it won't happen right away according to Gail McGiffin, Accenture, global underwriting solutions leader, who commented today after Ford's Monday announcement of its MyKey system allowing parents to set limits on auto speed and radio noise levels.
Her remarks also followed the announcement Monday that the Applied Informatix unit of ISO will work with IVOX and insurance companies to collect and analyze data from telematics devices, which sense vehicle braking and acceleration. The firms said they will assess the predictability of data from such devices for use in rating, underwriting and claims.
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