2017 Frankfurt International Motor Show: Mercedes-Benz Bank brings fully integrated telematics-based car insurance onto the roads in Germany
- Customers are able to influence the insurance premium with their driving style
- Data for premium calculation are sent directly from the car
- Integration into the "Mercedes me" portal brings transparency in real time
Stuttgart. To coincide with the 2017 IAA show, Mercedes-Benz Bank is bringing the fully integrated telematics-based car insurance "InScore" to the German market. The data for premium calculation are sent directly from the vehicle via a factory-installed Telematic Control Unit (TCU), and no additional installations are required. Customers can directly influence the amount of their insurance premium with a "driver score" that is made up of the driving style, driving time and route. The level of integration goes beyond data collection, as drivers can view their "driver score" at any time in the "Mercedes me" customer portal and if necessary adapt their driving behaviour.
The potential savings achievable by this individualised insurance premium are up to 20 percent compared to the regular premium. "We are making use of the connected vehicle for the further development of our services. The major advantage is that we can individualise the pricing for our customers, and therefore reduce costs," says Franz Reiner, Chairman of Mercedes-Benz Bank.
The "InScore" product is now available for customers driving a current-series Mercedes-Benz E-Class, and was developed together with the cooperation partner HDI Versicherung. Other vehicle models will follow. "With the integration into "Mercedes me", we are offering customers maximum transparency. They are able to see their "driver score" at any time, and adapt their driving behaviour," says Rainer Bruns, Head of Insurance at Mercedes-Benz Bank.
Data protection and integration potential
All Mercedes-Benz vehicles feature extensive security and anti-theft systems. Secure access to systems, data security, data privacy, and anti-theft protection are important elements of our research and development activities. These and other measures serve to protect personal data against unauthorised access or illegal processing and disclosure. The measures are part of our information security management system, and are continually adapted to technical and organisational developments. The data relevant for calculation of the telematic premium are sent to the scorer service provider of Daimler Financial Services in pseudonymised form. An average score for driving behaviour is then calculated. In the next step, the insurer determines the amount of the premium on the basis of this average score. The individual data covering driving style, driving time and route are not passed on to the insurer.