Will on-demand insurance become mainstream?
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...
Recent Surveys by Research Firms indicate a Strong inclination toward Usage-Based Insurance
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...
Global Usage-Based Insurance Market by Key Players, Growth, Regions and Forecast to 2022
This report studies Usage-Based Insurance in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production,...
NAIC launches usage-based insurance tester
The National Association of Insurance Commissioners (NAIC) has introduced a new assessment tool to help consumers determine whether they should consider usage-based insurance (UBI). For more than 30 years, the...
Usage-based insurance could encourage better driving behavior: Study
Researchers at the University of British Columbia (UBC) recently conducted a study on usage-based auto insurance and found that the use of telematics to monitor driver behavior and to...
Arbella Insurance Foundation Relaunches Anti-Distracted Driving Program
Arbella Insurance Foundation is relaunching its anti-distracted driving program, Distractology, updating training scenarios and committing to an additional five years. Introduced in 2010, the Distractology campaign features a 36-foot-long, mobile...
Are consumers ready for connected cars and UBI? [infographic]
According to a new survey of American consumers by Willis Towers Watson, many drivers are willing to share their driving data for a better deal on car insurance. The insurer surveyed...
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...