usage-based insurance News

Telematics Master Class: How Progressive Offers Competitive Prices

During an investor conference last week, Progressive's leader revealed some subtle wording changes to the company's purpose and vision. Unchanged, however, are four pillars of Progressive's strategy, ...

Telematics: Adoption and Success Strategies for Insurance Carriers

Many property/casualty insurance carriers have adopted telematics to tackle some of the most pressing challenges related to efficiency and safety. This adoption is generating tremendous data. In ...

Telematics Has Kept the Promise: Allstate’s Journey Continues

Telematics has been on personal insurers' radar for many years, and it has recently reached a tipping point. Nowadays, it is recognized as a necessary capability for the future success of any auto ...

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 ...