Autom­atic decisi­on-making

A prerequisite for being able to conclude and perform an agreement for Ökuvísir is that decisions on your price and the issu­ance of the insurance are made through autom­atic decisi­on-mak­ing, including with the creation of a personal profile.

Autom­atic decisi­on-making on the issu­ance of the insurance is based on:

• Information on defaults or disp­utes regar­ding insurance claims against VIS.

Autom­atic decisi­on-making on prices is based on the base premium and variable factors that can reduce the base premium. The variable compon­ents of the premium are determ­ined by:

1. Information on your driving rating in Ökuvísir.

The driving rating is based on the following information:

• Dist­ance driven in kilometres

• Driving time in minutes

• Date

• Time

• Speeding

• Braking

• Phone usage while driving

• Hard cornering

• Acceleration

• GPS coord­inates on a map

2. Information on the number of kilometres driven during the month.

Prices are calculated autom­atically for each month within the insurance period.

You can always request further information about the results of the autom­atic decisi­on-mak­ing, object to it and have an empl­oyee of VIS review or re-evaluate it by contacting us at vis@vis.is or by calling 560 5000.