> "More specifically, automakers are selling access to the data to Lexis Nexis, which is then crafting “risk scores” insurance companies then use to adjust rates. Usually upward"
In an ideal world, such data-harvesting might lead to cheaper prices / a more efficient insurance market - which would make the privacy loss worth considering from a trade-off standpoint, at least in theory.
Unfortunately it's instead likely to just lead to higher margins for insurance companies. And the only way to compete would be to harvest more data for better predictions.
Unfortunately it's instead likely to just lead to higher margins for insurance companies. And the only way to compete would be to harvest more data for better predictions.