The Usage-Based Insurance (UBI) Short Cut
I’ve been following telematics in insurance since 2012 and the main thing I’ve noticed is that the application of telematics by insurers moves at a sluggish pace. While telematics...
Why Liberty Mutual is diving deeper on telematics
Usage-based insurance has been kick-started this year thanks to advances in technology, and Liberty Mutual has taken notice. The company announced upgrades and
UBI global market grew by 32% in 2016 to 14 million policies
According to Quarterly UBI Dashboard of Ptolemus Consulting, North America represents the biggest market to date with over 7.1 million active policies. This compares to 6.5...
Moving Forward and Beyond with Telematics
The telematics industry has come a long way since the early days of dumping data when a vehicle would return to home base or considering it as “dots on...
Telematics to the Rescue
The day-to-day business of operating a fleet of vehicles is typically routine, and, with the help of a telematics system, safe and efficient. But, there are times and situations when...
2017 Fleet Management Trends: Telematics
Consolidation among telematics providers in 2016 could create opportunity in 2017 for greater differentiation, increased connectivity, better pricing, and more standardization of features for fleets who add this technology,...
Unveiling the full potential of telematics
How connected insurance brings value to insurers and consumers: An Italian case study Is telematics changing the motor insurance market by disrupting the traditional car insurance business model ? The paper...
New digital era for insurers
Digital technology is rapidly developing and insurers need to keep up in order to thrive. Between social media interaction and the emergence of the sharing economy, P&C insurers need...
Telematics: Carriers expanding tools beyond usage-based insurance
When the term “telematics” is mentioned—at least in the US insurance marketplace—most people think of usage-based insurance (UBI). But telematics isn’t just for usage-based insurance rating anymore. Carriers are...