How telematics can help reduce auto accidents
According to the National Highway Traffic Safety Administration(NHTSA), in 2015 alone, 3,477 people were killed and 391,000 were injured in motor vehicle crashes involving distracted drivers....
Insurance industry promoting ‘usage-based’ auto policies
Would lower rates for some, but probably raise them for others Americans are driving less, relying more on public transportation, car-pooling, ride-sharing, and telecommuting. Since 1983, the percentage of people with...
Insurance industry promoting ‘usage-based’ auto policies
Would lower rates for some, but probably raise them for others Americans are driving less, relying more on public transportation, car-pooling, ride-sharing, and telecommuting. Since 1983, the percentage of people with...
Telematics and Usage-Based Insurance
In the George Orwell book, 1984, the overriding theme was “Big Brother is Watching.” With telematics, science fiction is now closer to reality. Telematics is the branch of information...
Usage-based auto insurance: a new technological dawn?
With over 10% penetration of the auto insurance market, UBI product availability has already persuaded a substantial and growing number of U.S. drivers to allow their driving behavior to...
3 Examples of How Telematics Can Aid Insurance Claims Handling
While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a...
Survey studies consumer desire for In-Vehicle Technology, and willingness to pay for it
A new global survey on consumer preferences for automotive technology finds more consumers desire advanced technology in their next new vehicle. However, their willingness to pay for technology demonstrates...
Insurtechs provide a boost to claims experience
Much has been written of late about how the insurtech movement is transforming the industry. While some of these solutions are actually in use, many are still conceptual and...
Insurtechs provide a boost to claims experience
Much has been written of late about how the insurtech movement is transforming the industry. While some of these solutions are actually in use, many are still conceptual and...