How can ‘telematics’ be defined?
A – The receiving of data through a vehicle’s infotainment system
B – A hands-free in-car telephony system
C – A system that avoids or mitigates the risk of a collision
D – The exchange of data across a wireless network
D. In its widest sense, telematics is a term used to describe the exchange of data, potentially over long distances, across a wireless communications network in real time. The receiving of data via the vehicle’s infotainment system is a simple form of connectivity.
A five-year endowment policy matured on 1 August 2017 with a maturity value of £40,000. The policy had been taken out with a single premium of £30,000. What is the amount of the top-sliced gain?
D: The chargeable gain is £10,000 being the maturity value of £40,000 less the single premium of £30,000. The top sliced gain is £10,000/5 years = £2,000.
According to Department for Transport figures, what percentage of young drivers can expect to have an accident within 12 months of passing their driving test?
B: DfT figures suggest there are around 1,700 road deaths per annum, with drivers aged 17-25 accounting for only 12% of drivers but 25% of road deaths.
A: The insured B: The insurer C: The broker (acting on behalf of their client) D: The loss adjuster