Folksam connects safe driving to car insurance premiums

Direct feedback to drivers to improve safety

“The idea around connected car insurance was born after a previous research project,” says Stina Wärn, Product Owner at Folksam “Research showed that a combination of direct feedback while driving and financial incentives resulted in a reduction in speed of test drivers. We also know that by reducing speed by a couple of kilometers an hour can save at least 40 lives per year on the road in Sweden.”