usage-based insurance News
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 ...
Chubb, Bunker Ally to Develop Usage-Based Insurance for Freelancers
Bunker and Chubb will work together to develop new usage-based insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker as part of their partnership, ...
5 Auto Insurance Trends to Watch in 2018
Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for ...
Willis Towers Watson Closes Sale of Telematics Tech to Octo
Willis Towers Watson has completed the sale of its usage-based insurance assets to Octo Telematics, a U.K.-based telematics company focused on the auto insurance industry. Both sides first announced ...
Product Innovation: How Usage-Based Cover Fills Workers Comp Gap for Rideshare Platforms
It was just three years ago when more than a dozen state insurance chiefs issued strongly worded consumer alerts declaring an insurance coverage gap for passengers in rideshare vehicles. Insurers, ...
Advanced Analytics Can Help Insurers Boost Customer Service at Multiple Points
The one constant in insurance is that there will always be new innovations and trends that suddenly disrupt the industry. Some of the newest disruptive forces include the Internet of Things (IoT), ...