CSIO to release telematics data standard in January

The Centre for Study of Insurance Operations will be releasing its industry standard for delivering telematics data in January 2014.

The organization said it has been working for the past several months on delivering the standard for proving a secure way to transmit telematics information among multiple business partners and allowing for data quality and consistency across the industry.

“Telematics is rapidly becoming an important technology for the auto industry and in order to fully realize the potential of this technology, a data standard is necessary,” Catherine Smola, president and CEO of CSIO explained in a statement Monday.

“CSIO is committed to delivering a telematics standard that meets the needs of the industry and helps support our members as they continue to provide value-added benefits to their customers.”