Mojio

The Changing Face of Auto Insurance: What Lies Ahead? In a world where everything seems to be going digital, the automotive insurance industry isn't far behind in embracing change. But here's the thing that hasn't changed much: when you buy a car, it's still not common to get insurance directly from the automaker. Sure, some car companies offer insurance through their apps, but it usually means pointing you toward other insurance providers, not a one-stop-shop experience. And what about all those fancy advanced driver assistance systems and conditional-automation technologies in cars? You know, the ones that let you take your eyes off the road in certain situations? Well, it's still unclear who's responsible when something goes wrong. Some carmakers include these features as standard, while others make them optional. So, what's the deal? The auto insurance world is due for a shake-up. As self-driving tech and automatic software updates become more common, we'll need new types of insurance. This opens the door for innovative players like insurtech companies and automakers to jump in. As the future unfolds, auto insurers might need to rethink their game plan. The traditional model of offering the same old insurance products and cozying up to independent agents might not cut it anymore. They might start working with software-as-a-service (SaaS) companies that are leading the driverless car revolution. Together, they could create insurance for a new era, covering everything from fleets of self-driving cars to the occasional human driver. In a nutshell, the auto insurance world is in for some exciting changes. But here are the big questions: ❓ When will these changes hit the mobility and insurance scenes full throttle, and will folks really embrace embedded insurance and AV tech? 🔌 How big will the shaken-up personal-mobility-insurance market be, and what role will EVs and AVs play in shaping it? ⏳ As traditional auto insurance shrinks, what should insurers do, and what happens if they don't keep up with the times? ❕ Which parts of the insurance process are at risk right now, what's next on the chopping block, and where can insurance companies shine? 🏁 With new regulations and shifting sentiments, how will insurers fit into the ever-evolving mobility market? These questions are still up in the air, but they're the ones everyone's thinking about as we steer into the future of auto insurance.

🌐 Balancing Connectivity and Privacy in the Automotive Industry With an average of nine #connecteddevices per UK household and a global projection of 24 billion by 2050, the rise of connected technology is reshaping various industries, notably automotive. Vehicles, now akin to mobile #iot devices, raise significant privacy concerns due to their extensive data collection. 🚗 The California Privacy Protection Agency (CPPA) is scrutinizing vehicle manufacturers' #dataprivacy practices. This comes amid findings that most car brands inadequately protect consumer privacy, resulting in low trust levels among consumers. Despite privacy issues, #vehicledata is invaluable for various aspects of the automotive industry, from R&D to city planning. The challenge lies in balancing the potential of this data with necessary privacy protections, a task underscored by the EU's efforts to regulate data sharing between connected cars. 💡 Discuss: What strategies can the automotive industry adopt to maintain consumer trust while utilizing vehicle data? How can innovation be balanced with privacy and data protection in this rapidly evolving sector? https://lnkd.in/gHdKM5Xb

We've got a lot cooking this year! Check out what Mojio has been up to the last few months, and what's coming soon 👀 #connectedvehicles #telematics #dashcam #videotelematics #heavydutytrucks #webinar Force by Mojio MOVE: Mobility Re-imagined

Here's an interesting article to ponder over: https://lnkd.in/gJahzF3B Want the Cliff's Notes? Here ya go: Connected Cars & Cloud: Post-COVID, cars got smarter and more connected, generating heaps of data. Good news? The cloud's got our back, storing and processing it all~ Smart Onboard Processing: Instead of relying on just 5G, cars are now processing essential data themselves (think of it as the car's own mini-brain) and sending only the must-knows to the cloud. Faster, cheaper, and smarter, wins the race. Of course, it's not just the end-users that benefit, it's entire sectors: Fleet Management: Imagine knowing the best route instantly or when a tire might give out. Magic? Force by Mojio is building an AI future into small business fleets; just watch. Insurance: Real-time driving data is changing the game. Safer driving might mean better premiums. Keep 👀 on Mojio in the future. Car Maintenance: AI's hinting mechanics about potential breaks before they happen. BTW Mojio works with Mechanic Advisor on their flagship #steermatics platform to do just this. Eco-Driving: AI and the cloud are teaming up for greener routes and less traffic, making efficiency a priority amidst constrained resources. E-Vehicles Getting Smarter: Electric cars, their makers, and charging stations are talking! This trio's communication is simplifying charging, enhancing battery life, and even plotting routes. Wrap-up: Cars are no longer just about driving; they're transforming into data goldmines. With AI and the cloud in the passenger seat, we're heading to a smarter, efficient, and super exciting automotive future. And Mojio is going to be a big part of it 🚗💡🔮 #connectedcars #AI #ConnectedCars #AIinAutomotive #CloudTech #FleetManagement #SmartInsurance #EcoDriving #EVRevolution #EdgeProcessing #FutureOfMobility #DriveSmart #CarTechFusion #SustainableMobility #AutoInnovation #DigitalDriving

🎉 Today, at MOVE America 2023 in Austin, Texas, we're unveiling our strategic partnership with SkyBell, and introducing our jointly developed Video Telematics Solution. 🚀 Powered by our next-generation Platform, this new solution integrates an all-in-one LTE Dashcam with cloud-based services and front-end software, providing a robust and flexible platform to meet the evolving needs of the modern mobility ecosystem. 🔗 http://bit.ly/48vzd6g If you're here in Austin, we invite you to join us at booth #1417 at MOVE: Mobility Re-imagined to discover what video telematics can do for you and your customers. Not here? Reach out and we'll set something up! #automotive #IoT #telematics #connectedmobility

They say that everything is bigger in Texas. 🤠 Well, we've got some BIG news to share from MOVE America 2023 in Austin, TX. 🎉 Alongside our pioneering partners at SkyBell, we're riding into a new era with our real-time video telematics solution featuring an all-in-one 4G LTE Dashcam with dual-facing HD cameras. 📷 📷 Our new Video Telematics Solution is as big on performance as Texas is on the map – but without the cost and complexity usually associated with video services. Whether you’re looking to beef up your existing program, steer towards something new, or saddle up with our turnkey connected mobility services, we’ve got the right solution to get you moving! 🚗💨 We invite to swing on by our booth (#1417) to learn more! MOVE: Mobility Re-imagined  #telematics #connectedmobility #dashcams #IoT #automotive

The Mojio team is heading to Texas next week for the MOVE: Mobility Re-imagined America conference in Austin! If you're in the area, come by and visit us at Booth 1417. Reach out to Kyle MacDonald or Josh Parker to book a time to chat at the show or around town~ Big #partnership announcement incoming at the show - stay tuned! #telematics #connectcars #connectedvehicles #fleets #fleetmanagement

AAA released their compendium report on the cost of #carownership this week. Tons of data! Our takeaways: 📈 Car ownership is up from 2017, with nearly 91.7% of households owning at least one vehicle 🚘 Trucks are more popular than cars (166M to 102M) ⚡ California has the highest rate of EV ownership (1.67%) And today's Big Number: 💸 "It costs $10,728 a year, or $894 a month, to own and operate a new car, according to AAA. That’s up 10.99% from 2021, when the average yearly cost was $9,666 a year, or $805.50 a month." 🤯 More here: https://lnkd.in/gRksvUhN #automotiveindustry #automotivetrends #electricvehicles #connectedcar #carinsurance #autoindustry

More on the trend towards subscription services 👇 : 💰 GM is targeting $20 billion-$25 billion a year in software and subscriptions revenue by the end of the decade 📈 Ford CEO Jim Farley recently told investors that it's currently making "hundreds of millions" on software with gross margins over 50%, and "we expect to 10x that in the coming years, just based on the growth we see." https://lnkd.in/gKnNs7cq

This piece is a thought-provoking deep-dive into a question that weighs on many minds in the #connectedcar industry: How are #automakers safeguarding your precious data? https://lnkd.in/gvVKc3ka No time to read the whole article? Let's summarize: In today's automotive landscape, a significant transformation is underway: the value of data in car transactions is becoming as important as traditional currency. As cars collect a wealth of #data on our habits and journeys, questions arise about how automakers ensure the #security of this information. Modern vehicles are equipped with an array of sensors that gather data both inside and outside the car. From capturing common routes to monitoring preferred entertainment sources, cars are amassing vast amounts of personal data. As the technology progresses towards #selfdrivingcars, this data becomes essential for training #aisystems to operate safely. However, the convenience of #datadriveninsights comes with concerns about #privacy and #security. Automotive companies are taking measures to protect the data generated by their vehicles. Advanced networks utilize security protocols such as MACsec to prevent unauthorized access and data manipulation within the car's network. Connected cars, equipped with built-in modems, communicate with the internet directly. Encryption protocols, similar to those used in secure online transactions, help ensure that data transferred between the vehicle and external sources remains protected. While many countries, including Europe, have introduced data protection regulations like GDPR, the United States lacks comparable regulations. This discrepancy raises questions about the security of data stored on American servers. The cybersecurity landscape is evolving rapidly. Security researchers are constantly evaluating automotive systems for vulnerabilities, prompting the need for standardized cybersecurity protocols. UN Regulation 155 aims to establish global cybersecurity standards for vehicles by July 2024. This regulation would subject manufacturers to audits similar to safety evaluations, promoting transparency and accountability in data protection. Engaging in an open dialogue about data security is crucial to navigate the challenges of this evolving landscape. Take the wheel for a second: 🤔 How comfortable are you with your car collecting and utilizing data to enhance your driving experience? 🔐 Do you believe that automakers are doing enough to safeguard the data collected by your vehicle? 💭 With the emergence of global cybersecurity standards, how do you anticipate the future of data protection in the automotive sector? 🌍 In a world driven by data, how can companies ensure both personalization and privacy for their customers? Thoughts? Join the conversation about the intersection of data and #automotivetechnology!