Driver Based Insurance Reform

Insurance Telematics

• Cobra Insurance Telematics
• How the technology works
• Driver Based Insurance Reform

Driver Based Insurance Reform

Cobra as a key telematics supplier has welcomed the Parliamentary Transport Committee's report on the cost of motor insurance, in particular the idea that the driver rather than the car should be insured.

The technology to reduce casualty rates of young drivers, another key recommendation of the Transport Committee report is already available and can be rolled out by the insurance industry within months.

Year after year the same problems are being discussed such as the growing number of personal injury claims and the rising young driver casualties, all of which cause premiums to rise.

Cobra already supplies telematics technology which can reduce accidents across all private and professional drivers, at the same time as improving standards of driving - even helping reduce peak time congestion on the UK's roads.

One key Government focus is to reduce the casualty rate of young drivers, in particular publicising the technology available to assess how a car is driven.

Pay how you drive insurance is a way of tempering a young driver's behaviour at the wheel that doesn't restrict their mobility. Cobra telematics technology is ready for insurance companies to adopt this approach and it could have an immediate impact on reducing the number of accidents caused by young drivers.

Cobra already provides a telematics solution used by the Co-Operative to power its Young Driver Insurance.

Emailinfo@cobratelematics.comto find out more