29 August 2021

Cutting The Cover Fit To Size

OLM Desk
It’s 2030. Naveen just got into his car and turned on his personal digital assistant. The virtual companion is adept at charting the best route to hais office and share it with his insurer. The insurance company vets it immediately and proposes a different route that reduces the likelihood of accidents and auto damage, calculates adjustment to his monthly premium, and informs him instantly. His life insurance policy is priced on a “pay-as-you-live” basis, which will increase 2 per cent as Naveen decides to drive the car instead of the auto-driver doing the job. The premium increase is auto-debited from his account before he drives away. In case Naveen bangs his car while parking, the vehicle’s internal diagnostics determine the extent of the damage and prompts him to take pictures of the damaged area of the car on his digital assistant. It instantaneously informs...
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