10 insurance telematics programs to watch
Usage-based insurance has made significant advances as the insurtech revolution has marched across the industry. J.D. Power & Associates reports that 2017 saw a 20% increase in the amount of UBI policies in the U.S. compared to both prior years, spurred by increasing comfort with insurers’ digital initiatives overall. These include not just discount programs, but fully underwritten UBI programs, or pay-per-mile offerings. They all use the customers’ increased connectivity – either from the cell phone or on-board computer – to their advantage. Following are 10 programs that run the gamut from insurtech startup to established carriers that illustrate the depth and breadth of UBI.