Telematics provider Cobra has welcomed the Transport Committee’s report on the cost of motor insurance, in particular the idea that the driver rather than the car should be insured.
It says 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.
“The entire motor insurance industry needs a complete reform which will ultimately pass through to the corporate sector,” said Andrew Smith, managing director of Cobra UK.
“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 corporate premiums to rise.”
“Telematics technology is already in place which can reduce corporate driver accidents, at the same time as improving standards of driving.”
Cobra’s telematics technology already powers three driver-based insurance packages.