Otonomo partners with Audi to test usage-based insurance

Otonomo partners with Audi to test usage-based insurance
Audi has partnered with connected car data company Otonomo to pilot consumer offerings, ranging from pay-as-you-drive insurance, to general vehicle status, to first notification of loss.

“Otonomo’s mobility intelligence platform unlocks the value of connected vehicle data while maintaining GDPR (General Data Protection Regulation) compliance. We see the enabling of services for multi-brand solutions through Otonomo’s customers, from start-ups to major corporates in their industries, as a key differentiator. We believe this will fast track the adoption of vehicle data-driven applications.” – Thomas Geiger, Project Manager Extended Vehicle AUDI AG.

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At launch, Audi and Otonomo will start with a couple of dozens of data points, spanning use cases such as pay-as-you-drive insurance based on mileage driven and parking time, first notice of loss where insurance companies receive information about accident events, the severity of the accident and the location of the impact, and  vehicle status where interested parties receive intel on the status of doors or a sliding roof.

Source: Barrons

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