NAIC.Telematics - Revision history

Graham at 16:21, 18 March 2025

2025-03-18T16:21:03Z

Graham at 16:20, 18 March 2025

2025-03-18T16:20:54Z

Graham: /* Intro */

2023-01-11T02:45:16Z

‎Intro

Graham: /* Concerns Related to UBI */

2022-03-01T21:15:50Z

‎Concerns Related to UBI

Graham: /* BattleTable */

2022-03-01T21:14:38Z

‎BattleTable

Graham: /* Concerns Related to UBI */

2021-01-09T02:40:53Z

‎Concerns Related to UBI

Graham: /* Concerns Related to UBI */

2021-01-09T02:40:00Z

‎Concerns Related to UBI

Graham: /* Concerns Related to UBI */

2021-01-09T02:38:54Z

‎Concerns Related to UBI

Graham at 02:38, 9 January 2021

2021-01-09T02:38:00Z

Graham at 02:34, 9 January 2021

2021-01-09T02:34:49Z

@@ Line 1: / Line 1: @@
-{| class='wikitable' style='background-color: lightsalmon; font-size: 18px;"
+{| class='wikitable' style='background-color: lightsalmon; font-size: 24px;"
 |-
 || This reading is '''no longer on the syllabus'''.

← Older revision		Revision as of 16:20, 18 March 2025
Line 1:		Line 1:
		+	{\| class='wikitable' style='background-color: lightsalmon; font-size: 18px;"
		+	\|-
		+	\|\| This reading is '''no longer on the syllabus'''.
		+	\|}
		+
	This reading, ''Usage-Based Insurance and Vehicle Telematics: Insurance Market and Regulatory Implications'', looks at the technological advances that made UBI possible and the implications for insurers, consumers, and state regulators. ''(Note that the reading is 86 pages, but the syllabus covers only pages 1-16, 42-60)''		This reading, ''Usage-Based Insurance and Vehicle Telematics: Insurance Market and Regulatory Implications'', looks at the technological advances that made UBI possible and the implications for insurers, consumers, and state regulators. ''(Note that the reading is 86 pages, but the syllabus covers only pages 1-16, 42-60)''

@@ Line 96: / Line 96: @@
 :* your insurer would then <u>rate</u> you based on this information
-It's pretty obvious that <u>how far</u> you drive ''(lower mileage is better for your rate)'' and <u>where</u> you drive ''(dense city, suburb, rural, crime level)'' would impact your rating, but what is meant by <u>how</u> you drive.
+It's pretty obvious that <u>how far</u> you drive ''(lower mileage is better for your rate)'' and <u>where</u> you drive ''(dense city, suburb, rural, crime level)'' would impact your rating, but what do we mean we say talk about <u>how</u> you drive?
 :{| class='wikitable'

@@ Line 171: / Line 171: @@
 :: <span style="color: red;>'''D'''</span>ata credibility & manipulation
 :: &nbsp;&nbsp; - will data be credible, especially at early stages of adoption
-:: &nbsp;&nbsp; - digital devices are subjuect to manipulation by hacking
+:: &nbsp;&nbsp; - digital devices are subject to manipulation by hacking
 :: <span style="color: red;>'''T'''</span>ransparency
 :: &nbsp;&nbsp; - will consumers understand how their data is used ''(device is a black box)''

@@ Line 44: / Line 44: @@
 || '''discrimination''': <br> - low-income drivers (of UBI)
 || '''benefits''': <br> - low-income drivers (of UBI)
-|| '''other crticisms''': <br> - of UBI
+|| '''other criticisms''': <br> - of UBI
 | style="background-color: lightgrey;" |

@@ Line 183: / Line 183: @@
 :: &nbsp;&nbsp; - cost of device may be significant for middle-income drivers also
-The next quiz also contains exam problems. '''Reminder''': The quizzes BattleCard answers to exam problems often contain important content on the given topic. Don't skip them!
+The next quiz also contains exam problems. '''Reminder''': The BattleCards contain summarized answers to exam problems and other important content. Don't skip them!
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=3<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 3]'''</span>
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>

@@ Line 55: / Line 55: @@
 |}
-[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
+[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>
 &nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-telematics<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
@@ Line 110: / Line 110: @@
 Alice the Actuary does all these things. Her rates are high but she has a lot of fun.
-[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=1<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 1]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
+[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=1<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 1]'''</span>
 ===Benefits Related to UBI===
@@ Line 158: / Line 158: @@
 :: &nbsp;&nbsp; - rates are directly related to <u>how far</u> you drive ''(leads to fewer accidents, less congestion, less pollution, lower infrastructure costs)''
-[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
+[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Telematics&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span>
 ===Concerns Related to UBI===

@@ Line 134: / Line 134: @@
 ::: &nbsp;&nbsp; - telematics can provide real-time feedback on driving habits
 ::: &nbsp;&nbsp; - all drivers ''(good and bad)'' can improve driving habits and get lower rates
-::: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;''(the feedback look is shorter than with traditional pricing)''
+::: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;''(the feedback loop is shorter than with traditional pricing)''
 :{| class='wikitable'