usage-based insurance News
Inflation Drives 33% Jump in Auto Telematics Adoption in Q1 2022
TransUnion's latest Personal Lines Insurance Shopping Report found the number of consumers who accepted a telematics offer from their auto insurance provider increased 33 percent since the end of ...
Tussle Over Connected Car Data Shifts Into High Gear; EU Mulling Regs
Where you go. What you pass. Where you stop. What you listen to. What you watch. Your good habits. Your bad habits. Companies in Europe and beyond are vying for control of the crown jewels of the ...
Carriers Marketing Usage-Based Auto Insurance Have Multiple Obstacles to Overcome: S&P Analysis
Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and demographics, privacy concerns, misunderstanding about the ...
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...
Nationwide Teaming Up With Toyota on New Insurance Program
Nationwide is teaming up with Toyota Insurance Management Solutions (TIMS), Toyota's exclusive independent insurance agency for North America, to launch TIMS BrightDrive, a Toyota insurance ...
UBI Insurance Is Not Usage-Based. Sorry, Not Sorry!
Usage-based pricing is a fascinating topic for insurers. A technology that allows persistent monitoring of risk exposure during the coverage period could potentially enable insurers to price each ...
InsurTech Startups Click2Sure, Jooycar, Attract New Financing
Greenlight Capital Re has invested in another startup, this time a digital insurance platform launched in South Africa. Miami-based private equity firm HCS Capital Partners said it has committed ...
Usage-Based Insurance Provides Strong Benefits to Insurers, But Consumer Adoption Remains Low
Usage-based insurance (UBI) availability continues to grow for auto insurance customers, but customer adoption rates remain sluggish. According to the J.D. Power 2018 U.S. Auto Insurance Study, 42 ...