The next steps in applying telematics to auto insurance pricing could involve using your smartphone to track your driving behavior, an insurance actuary said recently.

Executive Summary

Peering into the future of telematics applications for insurance, an actuary envisions smartphones replacing "Snapshot"-like devices and psychological profiling of off-road behavior on the horizon.

During a presentation at a December meeting of the Casualty Actuaries of Greater New York, Marty Epstein, global auto insurance actuary for AIG, revealed that smartphones are being piloted as potential replacements to dedicated boxes that collect and transmit driving data to insurers to qualify customers for discounts on their auto premiums.

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