There black box for cars, often also called black boxis an electronic device that is installed on board the vehicle and has the purpose of monitor and record a series of data relating to driving and the vehicle itself. In the first few years after its introduction, insurance companies granted a small discount on the car insurance policy to those who chose to install a black box. This discount has gradually decreased until it is almost zero today. With the aim of reducing the cost of car insurance rates, the Council of Ministers has a bill approved (among the provisions of the Competition Bill approved by the Council of Ministers) regarding the Market and Competition on the basis of which the black box becomes “portable”that’s what this means.
Portability of the black box linked to the car insurance policy, the bill
Therefore, this bill guarantees the continuity of data monitoring over time even if you change insurance companies that will have the possibility to collect all data recorded from previous ones black box. The data stored in the black boxes must also be accessible free of charge by the insured.
The Ministry of Infrastructure and Made in Italy has in fact stated the following:
“A mechanism for the portability of data recorded by black boxes is established that the consumer can request, through the insurance company, from the company that manages the electronic devices”.
The data will therefore have to be mandatorily accessible by other black boxes.in order to safeguard “continuity of service” even with the new insurance company for the subscription of an insurance contract, be it car insurance or motorbike insurance.
“A mechanism for the portability of data recorded by black boxes is established that the consumer can request, through the insurance company, from the company that manages the electronic devices. This includes, for example, the total mileage, the mileage differentiated according to the different types of roads traveled, the daytime or nighttime hours traveled in the last 12 months. The data must be provided in a commonly used and machine-readable format, to ensure continuity of the data processing service to the new insurance company that, in order to use them, must pay a one-off fee to the company that manages the electronic device. An information system, subject to the supervision of IVASS, on non-compulsory insurance relationships is planned in order to make the prevention and fight against fraudulent behavior more effective.
The costs related to the creation and management of the anti-fraud information system are entirely borne by the participating insurance companies.”.
The bill, approved by the Council of Ministers, will also prohibit insurance companies from making the following arrangements for their customers:
“Contractual clauses that prevent or limit the insured’s right to uninstall, free of charge and at the annual expiry of the contract, electronic devices for monitoring motor vehicle traffic data (the so-called black box) or penalties in the event of return after the expiry”.
The intervention of the Ministry of Business and Made in Italy in the jungle of insurance companies
On the official website of the Ministry of Business and Made in Italy -regarding the black boxes – we read the exact words:
“With the aim of promoting the mobility of demand in the insurance sector and reducing the phenomenon of forced loyalty and, consequently, increasing competition and reducing costs, insurance companies are prohibited from providing contractual clauses that prevent or limit the right of the insured to uninstall, without costs and at the annual expiry of the contract, electronic devices for monitoring data on the circulation of motor vehicles (the so-called black box) or penalties in the event of return after expiry.
Portability of the black box, the advantages of the new bill
THE’objective primordial of the Black box portabilityis that of promote mobility by facilitating data transfer. Therefore, it will be easier and more accessible for consumers to choose or change their insurance company, without having limits or clauses. This means that customers can freely choose the company that suits them or that they want. In doing so, it is expected that competition will intensify and automatically Costs could finally come down.. The new insurance company will be able to access the data from the previously installed “black box” in order to better monitor the insured’s behavior and guarantee greater savings on policy costs for the most virtuous.
Read other articles that talk about the “black box“
#Portability #black #box #auto #save #insurance
