The usage based insurance (UBI) market is an ever-growing industry, with an estimated 100 million vehicles set to be insured worldwide with telematics policies by 2020. This is set...
The evolution of the insurance business is found at the intersection of technology and the customer experience. Digital technology is transforming every aspect of the property and casualty (P&C) insurance...
We know from our own driver data at LexisNexis Risk Solutions company Wunelli and other external research that telematics policies – with driver communication – contribute to...
Traditional business models of insurance carriers and intermediaries (agents/brokers) across the globe are challenged due to the change in expectations of customers and partners, technology innovations, regulatory demands, and...
J.D. Power recently released its 2017 U.S. Auto Insurance study, which examines customer satisfaction, reported that rates increased for 26-percent of consumers this year. This, unsurprisingly, caused price satisfaction...
NASHVILLE – With the rise of public transportation and ridesharing services steering many consumers away from the driver’s seat, the Tennessee Department of Commerce & Insurance (TDCI) encourages Tennesseans...
SOURCE Pennsylvania Insurance Department Usage-based insurance, transportation options spurring ways to pay less HARRISBURG, Pa., July 11, 2017 /PRNewswire-USNewswire/ -- The proliferation of usage-based insurance options, recent changes in driving behavior and more available...
VANCOUVER (NEWS 1130) – Imagine becoming a safer driver and getting a discount on your car insurance. The only catch is you have to install a monitoring device in...
The past two years have seen the rise of a new trend in insurance: on-demand coverage. Challenger insurers like Trov, Cuvva and Slice allow customers to use a mobile...
The trend of car-pooling, ride-sharing, and telematics has caused a paradigm shift in the usage-based insurance (UBI) industry. Accurate and real-time data collection, low fuel consumption, and flexible insurance...
