8.5 million connected cars in South America by 2023
A study by Frost and Sullivian has revealed that about 8.5 million Connected Cars on the region’s roads, with Brazil, Mexico, and Colombia leading the way.Increased vehicle connectivity is...
Electronics systems contribute 90% of innovations and new features in modern vehicles
The automotive industry is being shaken up by technology advancements which are impacting the future of the business. A PwC study revealed that electronics systems today contribute to more...
OEM connected car solutions: questions of creation and monetization
Today the connected car is becoming a commodity. Through surveys of drivers, and competitive intelligence, auto manufacturers have realized that their market rivals have already achieved some success in...
Telematics Tech on the Rise Among UK Business Fleets
The number of businesses using telematics in their fleet vehicles has almost doubled over the last year. That’s according to a report by the RAC, that found that around...
Connected cars could mean usage-based insurance for millennial drivers
The usage-based insurance (UBI) model has been around for over a decade, but it finally started seeing traction in the past few years. EY, in a white paper that considers whether...
Singapore: First usage-based insurance for private-hire car drivers
Over the past few years the taxi industry has undergone a complete transformation. This has, in part, been fuelled by the growth in popularity of apps such as Uber...
Driving Usage Based Insurance Information to the Claims Process
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...
Is Usage-Based Insurance a Bubble?
No, UBI is not a bubble, but the business model is wrong. Neither the insurant nor the insurer gets enough value to make UBI succeed. In May 2015, the British...
Usage-Based Auto Insurance, Slow at First, Picking Up Speed
Usage-based auto insurance will explode globally in the next seven years, a new industry analysis asserts. IHS Inc.’s IHS Automotive predicts that 142 million customers will sign up globally for the...