As EVs continue to be an increasingly common sight on UK roads, data will be crucial in understanding this evolving motor risk landscape.
Motor insurers may struggle to process the data around existing ADAS features in a vehicle and turn it into useful underwriting information.
The upcoming reforms have caused many insurers to re-evaluate their approaches to pricing home and motor policies.
The use of external data can help insurers identify potential fraud, but also shorten the customer journey by validating information more efficiently.
ADAS features are becoming increasingly common in cars in the UK and Ireland, however insurers face challenges in obtaining accurate and meaningful data.
The impact of the UK personal injury reforms, now set to take effect in August, is uncertain. The small claims track limit is expected to increase from £1,000 to £5,000.
The 2018 Civil Liability Act is expected to take effect in April this year and is set to transform the handling of low-value personal injury claims in England and Wales.