Eliminating your Data Desert
In July 2019, Tina Bellon, from the Insurance Journal coined the term “a Data Desert” reporting that U.S. insurers currently do not have sufficient data to validate auto industry promises of safety benefits from automated driving systems.
JATO Dynamics, the global leader in automotive insights, is pleased to announce ARRēD™, a new insight solution for the automotive insurance market, which with its Curated, Analytics Ready Automotive vehicle content and risk data, has been created to eliminate your Data Desert.
This solution is built for automotive insurance companies to understand and quantify the impact and safety benefits of the emerging automotive safety equipment and Advanced Driver-Assistance Systems (ADAS) in the marketplace.
Eliminating the Data Desert
Eliminate Rating Errors
Help Insurance companies understand and measure the implications of emerging technologies on vehicle safety; Eliminating rating errors that erode profitability and create the need for higher premiums that potentially attenuate market share
Validate Vehicle Safety
Validate vehicle safety equipment and ADAS insights for the auto insurance industry and offer the industry the first ever in-depth data overcoming the confusing and non-specific OEM marketing terminologies
Curated and Targeted Data
Offer the industry leading a curated and targeted data-driven platform that enables vehicle-by-vehicle analytics and also enabling vehicle and brand comparisons
Data and Analysis
Provide data and analytics delivered in a normalized and consistent manner across the market and for all brands
Safety and Risk
Support the analysis of safety and risk, and risk mitigation associated with the availability of safety equipment and Advanced Driver-Assistance Systems, vehicle-by-vehicle – more than offsetting any costs attributed to ARReD™
ARRēD™ was created after months of in depth research and over 30 years of working with vehicle manufacturers, understanding their needs around safety and technological advancements.
JATO is excited to work with automotive insurance companies to address the implications of emerging safety technologies. We are able to offer impactful and actionable insights to a traditional industry to understand the implications of safety-assisting vehicle content, as well as the introduction of artificial intelligence and autonomy to vehicles.
The lack of data and insights in this area has been estimated to cost insurance companies more than $500,000,000 USA in 2018.1
1 Mitchell Industry Trends Report Q13 2018
For more information contact Hank Stecker via email at email@example.com.