14 km is the average distance driven by drivers who have signed a telematics tariff with HUK-Coburg. The insurance company published this and other data in its balance sheet press conference on Tuesday.
According to this, 450,000 people will use the tariff, which has been in existence for three years, in 2021, 50,000 more than the previous year. They affix a telematics sensor to the inside of the windshield and install an app on their smartphone. The sensor registers driving style, for example data on speed, acceleration, braking and steering behaviour. This data is transmitted through the app to HDD GmbH.
From the 1136 terabytes of data gathered, HUK-Coburg reads that an average speed of 49 km/h is being operated. The distance of 7.4 billion kilometers is divided into 528 million trips. It contains 4.7 trillion acceleration data points, and the sensor has recorded 27,000 cases of damage.
The data for all visits is evaluated on the basis of various criteria. This results in an overall driving value of between 0 and 100 points, with 0 indicating particularly risky driving, with 100 points considered particularly safe by HUK-Coburg. On September 30 of each year, the follow-up bonus is calculated based on the total driving value, which can be used to reduce premiums for motor vehicle liability insurance and comprehensive insurance by up to 30 percent.
Tesla as an insurer
In Germany, for example, Allianz or VHV offer tariffs similar to HUK-Coburg. Electric car maker Tesla wants to operate as an insurance company in Germany. It can be assumed that, as in the United States, it wants to use the data from the telemetry of its cars to calculate the amount of insurance premiums.
Brandenburg data protection officer Sven Müller explained to Haze Online that his office was aware that the processing of telemetry data for the purpose of calculating insurance premiums could pose data security risks. The assessment takes into account whether legal requirements are met, such as voluntary consent, sufficient information about data processing, or provisions on automated decisions pursuant to Article 22 of the General Data Protection Regulation (GDPR).
In addition, technical and organizational precautions should be taken to minimize the risk of using telemetry data. “This could include, for example, encryption of communications, prevention of unauthorized access or pseudonyms, or separation of information on driving behavior from actual insurance data,” Mueller explained.
According to its own statements, last year HUK-Coburg Overall, the stock of insured vehicles increased by 3 percent over the previous year to 134 million. Among them, the number of e-cars increased from 78,000 to 185,000; Of them, 120,000 are purely electric, 65,000 are hybrid. Last year, the insurance company spent 3.4 billion euros for motor vehicle damage, compared to 3.1 billion euros in 2020.
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