31 août 2019

Asia Pacific Automotive Usage-Based Insurance (UBI) Market to 2027

Asia Pacific Automotive Usage-Based Insurance (UBI) Market to 2027 The increasing demand for mobility-as-a-service (MaaS) and various type of insurance premium policies are boosting the growth of the automotive UBI market. Moreover, the strategic partnerships among insurance companies and telematics companies are anticipated to propel automotive UBI market growth in the forecast period. In the last few years, the consumer behavior towards intercity and intracity transit has been transformed to a newer level. A significant... [Lire la suite]
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21 août 2019

3 Reasons Usage Based Insurance is Driving Billions of Dollars in Global Telematics Market Growth

3 Reasons Usage Based Insurance is Driving Billions of Dollars in Global Telematics Market Growth It’s not hard to understand and forecast why usage based insurance (UBI) — otherwise known as behaviour-based insurance or pay-as-you-drive (PAYD) — is becoming popular among North American drivers and rest of the world. With improved governmental regulations and technology market penetration the industry estimates the automotive telematics market is expected to grow at a CAGR of 23 – 24 % over the next few years. By... [Lire la suite]
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27 juillet 2019

United States: American citizens support for UBI rises four times, compared to a decade ago

United States: American citizens support for UBI rises four times, compared to a decade ago* Approval of a universal basic income (UBI) has risen sharply in the United States. Karl Widerquist cites a 10-year-old poll showing that only 12% of Americans approved an UBI at that time. Now that number is 48%, according to a Gallup poll, conducted at the end of 2017 (on around 3000 adult US citizens).   The cited poll also shows that women show more support than men (52 and 43% respectively), age strongly correlates... [Lire la suite]
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02 octobre 2018

New website for NEXYAD "WE SAVE LIVES"

New website for NEXYAD "WE SAVE LIVES" NEXYAD (member of the MOVEO Groupement ADAS) published a new website with more information about : . SafetyNex : real time driving risk assessment for car telematics (ICV, UBI, ...), ADAS, AUtonomous driving . VisiNex : detection of lacks of visibility (fog, rain, snow, ...) . RoadNex : detection of the road and of the free space . ObstaNex : detection of obstacles Check http://www.nexyad.com WE SAVE LIVES
27 août 2018

More Auto Insurers Are Now Offering Usage-Based Insurance

More Auto Insurers Are Now Offering Usage-Based Insurance   Chances are that if your auto insurer doesn’t offer usage-based insurance (UBI) also known as pay-as-you-drive (PAYD) insurance or pay-how-you-drive (PHYD) insurance, it soon will. With usage-based insurance, you allow a telematics device to be installed in your vehicle which in turn allows the insurance company to monitor your driving habits. If you are a safe driver, your good driving habits may earn you a lower insurance premium than other people who... [Lire la suite]
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10 août 2018

Global and China UBI Market, 2021- Market-based Reform of Car Insurance Rates Will Bring Unprecedented Opportunities

Global and China UBI Market, 2021- Market-based Reform of Car Insurance Rates Will Bring Unprecedented Opportunities The "Global and China UBI Industry Report, 2017-2021" report has been added to Research and Markets'offering. Starting in China in 2012, later than in foreign countries, UBI is primarily developed by mainly referring to foreign products and mature models. Auto insurance, always the largest subsector of property insurance in China, reported original premium income of RMB683.455... [Lire la suite]
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23 juillet 2018

Why Safe Drivers Aren't Always Charged The Lowest Car Insurance Rates

Why Safe Drivers Aren't Always Charged The Lowest Car Insurance Rates This is almost like dispelling an urban myth, only it’s about car insurance. Specifically, it’s the notion that "safe" drivers – those having unblemished driving records – always pay lower premiums than accident-prone motorists. In fact just the opposite can be true among poorer and less-educated drivers, according to a recent investigation of car-insurance policy pricing conducted by the Consumer Federation of America in Washington, D.C. After... [Lire la suite]
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15 juillet 2018

Connected tech to keep car-share drivers in check

Connected tech to keep car-share drivers in check Telematics as a vetting tool in car-sharing fleets explored by Siegfried Mortkowitz. New mobility services are creating new relationships between drivers and vehicles, and potentially between car owners and their vehicles. The rise of who peer-to-peer (P2P) car-sharing has enabled owners to leverage the times their vehicles are idle by allowing strangers to rent them for short periods of time. In P2P relationships, the most important commodity is trust: the car owner must believe... [Lire la suite]
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09 juillet 2018

UBI creates chance for insurers to partner with automakers

UBI creates chance for insurers to partner with automakers Lots of new cars now come equipped with connected features or advanced driver-assisted systems (ADAS) – and this is changing the way auto insurers handle policies.Traditionally, auto insurance policies have been based on driver characteristics like demographics, personal information and history. With the emergence of usage-based insurance (UBI), insurers have started to incorporate driving behavior data such as speed, hard braking and other contextual factors.As... [Lire la suite]
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27 mai 2018

What is Connected Car Insurance? | Insurance Telematics

What is Connected Car Insurance? | Insurance Telematics What is Connected Car Insurance?  Connected car insurance is a technology-driven automobile insurance leveraging the Internet of Things (IoT) whereby insurance premiums are dependent on driver behavior. Connected car insurance programs are intended to reward and promote safer and smarter driving behavior, while enabling auto insurance customers to receive potential discounts and savings to their monthly premiums based on individual driving patterns calculated by their... [Lire la suite]
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