Near-miss telematics in motor insurance

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      <subfield code="c">Montserrat Guillen, Jens Perch Nielsen, Ana M. Pérez-Marín</subfield>
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      <subfield code="a">We present a method to integrate telematics data in a pay-how-you-drive insurance pricing scheme that penalizes some near-miss events. We illustrate our method with a sample of drivers for whom information on near-miss events and claims frequency records are available. We discuss the implications for motor insurance ratemaking. Our pricing principle is to combine a baseline insurance premium with added extra charges for near-miss events indicating risky driving (or discounts) that can be updated on a weekly basis. This procedure provides an incentive for safe driving. In our real-case study illustration, hard-braking and acceleration events as well as smartphone use while driving increase the cost of insurance</subfield>
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      <subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
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      <subfield code="g">01/09/2021 Volumen 88 Número 3 - septiembre 2021 , p. 569-589</subfield>
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