Smartphones will change the story
Smartphones are impacting the Usage-based Insurance proposition from different angles but one of the real gains will be seen on the sales and marketing sides. One of the most difficult challenge...
Usage-Based Insurance solutions no longer niche: Ptolemus
Ptolemus, a location-based services and telematics advisory firm, has detailed the growth and current state of Usage-Based Insurance (UBI) products in a new report. The impact of phone apps...
Smartphonisation is reshaping banking. Insurance is next, says new research from PTOLEMUS Consulting Group
A new PTOLEMUS study has found that less than 6% of all auto insurance policyholders worldwide actively use an insurer’s mobile app. This corresponds to 50 million drivers or half of...
One in three UK fleets use telematics
A third (33%) of UK fleets employ telematics compared to one in five (19%) in Europe, according to new research conducted by Arval. There is also a definite bias...
What are the opportunities for Usage Based Insurance
Usage-Based Insurance Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $123 billion by 2022, registering a CAGR of 36.4% during...
Should usage-based insurance remain a niche auto insurance market?
Instead of depending upon generic factors often beyond a consumer's control to underwrite and price auto coverage, monitoring how people actually drive should generate more pertinent indicators. Usage-based...
Global Automotive Telematics Insurance Market: Focus on Usage-based Insurance (UBI) , Smartphone, Hardwired, OBD, Aftermarket, OEM Fitment, Supply Chain, Passenger Vehicle, and Commercial Vehicle
Telematics is a smart solution which connects a vehicle to a data/analytics center, thus enabling the tracking of its condition during various operations.The advanced level of telematics is...
UBI and telematics
Automotive insurance premiums have traditionally been determined by an individual’s age, vehicle type, gender and driving history, which has been used as a proxy to assess the risk...
2018 U.S. Auto Insurance Study: Auto Insurance Customer Satisfaction Reaches Record High
Improved communications, and greater satisfaction with insurer/customer interactions, appear to be responsible for a recent rise in customer satisfaction with their auto insurance carriers, according to the J.D. Power...
Global and China UBI Market, 2021
Market-based Reform of Car Insurance Rates Will Bring Unprecedented Opportunities The "Global and China UBI Industry Report, 2017-2021" report has been added to Research and Markets' offering. Starting in China in 2012, later than in foreign...