Rental firms could save £5m with telematics
Telematics could save the rental sector £5 million annually in insurance costs, according to In-Car Cleverness and Next Vehicle Rentals. The fall in insurance costs for businesses adopting technology...
UK government encourages fleet telematics for public sector
The UK Government’s Crown Commercial Service has launched a vehicle telematics agreement to help the public sector improve fleet safety and efficiency. This brand new agreement has been developed...
Insurers Could Find an Early-Mover Advantage from Telematics: Fitch
The motor insurance industry faces a significant shake-up from two waves of technological innovation – the growth of telematics and the development of driverless cars, according to Fitch. Over...
Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech...
UBI to drive insurance IT spending in US
The insurance industry in the Americas is highly competitive and regulated in nature. The insurance market in the US is influenced by economic and political conditions of the...
UBI on a rise globally, Canada catching up
Usage-based auto insurance (UBI) is expected to grow exponentially over the next decade. IHS Automotive says that there will be 142 million global consumers using UBI coverage by...
Millennials Prefer Usage-Based Insurance: Survey
More drivers aged 18 to 34, or millennials, are interested in usage-based auto insurance policies than are drivers in all other age groups. More millennials (88 percent) are interested...