Canalblog
Editer l'article Suivre ce blog Administration + Créer mon blog
Publicité
Groupement ADAS : Advanced Driver Assistance Systems
30 décembre 2019

Rapid Growth of European Usage-based Insurance Programs

Rapid Growth of European Usage-based Insurance Programs

According to a recent report by Research and Markets, the European market for insurance telematics policies reached 10.3 million in 2018. Growing at a compound annual growth rate (CAGR) of 36 percent, this number is expected to reach 47.9 million by 2023.

Usage-based insurance (or UBI) uses a special tracking device (usually placed within a client’s vehicle) to track driving behavior. The idea is that, by examining how a driver accelerates, brakes, and corners, an insurance company can determine a more appropriate premium for that client. Insurance companies who have adopted these programs also examine when a client drives and how much time they spend behind the wheel.

The recent report about UBI was produced by ABI Research, a New York-based market intelligence firm. ABI Research studied the adoption of usage-based (or Pay As You Drive) insurance programs in Europe and North America. It's major finding: UBI is seriously catching on, especially across the pond.

ABI Research found that it’s in Italy and the United Kingdom where drivers are showing the most interest in usage-based insurance programs. But ABI Research found that there were a number of other countries, in both Europe and North America, where they see UBI program adoption increasing sharply in the coming years.

ABI says that a key factor in the increased use of UBI programs will involve the introduction of infotainment hardware and software that make it easier for insurance companies and their clients to access UBI features.

Read more : https://www.intellimec.com/ims-blog/rapid-growth-of-european-ubi-programs

Publicité
Publicité
Commentaires
About us

Groupement ADAS is a Team of innovative companies with over 20 years experience in the field of technologies used in assistance driver systems (design, implementation and integration of ADAS in vehicles for safety features, driver assistance, partial delegation to the autonomous vehicle).

Publicité
Contact us
Thierry Bapin, Pôle Mov'eo
groupement.adas@pole-moveo.org
Follow us : @groupement_adas

Groupement ADAS is empowered by Mov'eo French Automotive competitiveness cluster

Mov'eo-2014

Visiteurs
Depuis la création 204 100
Archives
Publicité