An expanding array of telematics devices and services, combined with focused government mandates, will help the technology break into the mainstream. After decades as a niche feature, telematics is merging...
Usage-based insurance, sometimes written as UBI, is a form of insurance where your insurance expense is based on the kind of vehicle you drive, your driving behavior, distanced...
Usage-based insurance can also be referred to as pay-per-mile, pay-as-you-go or pay-as-you-drive insurance, and all of these terms refer to telematics. Telematics measure metrics of driving habits such as driving...
The Changing Usage-Based Insurance (UBI) Landscape in North America With a growing group of telematics experts touting the benefits of usage-based insurance, below is an interview with leading connected...
With the majority of millennials interested in a usage-based insurance (UBI) policy, and 84% rating UBI policies as a more fair way to price insurance, telematics represents a major opportunity...
Some say that, just like advertising is the internet’s business model, insurance is the business model of the internet of things. Not without reason. Virtually every insurer is...
The insurance industry, at least when it comes to motor insurance, has reached a mature lifecycle stage. Hyper competition and lack of product differentiation are leading to significant...
Connected car technology is quickly reshaping the future of the global automotive industry, but the future of the automobile will be defined by connected car telematics. Automotive telematics,...
A “worryingly” large number of UK drivers are taking on huge financial liabilities in exchange for tiny annual savings on their motor insurance, suggesting that many are confused...
There are several provisions in the insurance laws that prevent consumers from realizing all the benefits of UBI. FSCO’s Bulletin No. A-16/16 imposes restrictions on the ways in...
