IoT / Connected Insurance – From Retro To Pro
The Unstoppable Surge of IoT IoT (Internet of Things) has long gone beyond a buzzword. International Data Corporation (IDC) forecasts worldwide IoT spending to sustain a compound annual growth rate...
Sensor Data and Behavioral Tracking: Does Usage-Based Auto Insurance Benefit Drivers?
Usage-based insurance (UBI) is a recent auto insurance innovation that enables insurers to collect individual-level driving data, provide feedback on driving performance, and offer individually targeted price discounts...
Analyzing Usage-Based Insurance
The Zebra, a website devoted to the insurance industry, recently published a report, the 2019 State of Auto Insurance, which reveals car insurance rates are on the rise for...
Smartphones will change the story
Smartphones are impacting the Usage-based Insurance proposition from different angles but one of the real gains will be seen on the sales and marketing sides. One of the most difficult challenge...
Ontario to move car insurance regulation to FSRA in effort to lower rates
Auto insurance rate regulation in Ontario is expected to switch hands next year, from the Financial Services Commission of Ontario (FSCO) to the Financial Services Regulatory Authority (FSRA). In...
Usage-Based Insurance Market Worth $95.81 Billion by 2025
The report "Usage-based Insurance Market for ICE & Electric Vehicle by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Smartphone, Embedded System, Black Box), Vehicle Age (New, On-Road), Device Offering (BYOD,...
3 Technologies that will Reshape Auto Insurance
The auto insurance industry has undergone transformational change for both business and consumers since 2016. There are several innovative technologies under development. Yes, we will continue to use...
62% of RAC Black Box customers believe telematics makes them safer drivers
RAC Black Box has revealed that 62% of its customers believe telematics and driver score features make them safer drivers. Research from 1,359 of RAC’s policyholders shows that six...
One in three UK fleets use telematics
A third (33%) of UK fleets employ telematics compared to one in five (19%) in Europe, according to new research conducted by Arval. There is also a definite bias...
What are the opportunities for Usage Based Insurance
Usage-Based Insurance Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $123 billion by 2022, registering a CAGR of 36.4% during...