Usage-based insurance

As vehicles become more connected, autonomous, shared, and electric, the traditional landscape for auto insurance will undergo transformation.

Gary Hallgren, president of Arity, shares insights into the misconceptions drivers hold and how technology and data analytics can drive positive change in driving habits.

The advantages and disadvantages of less traditional insurance models.

As insurance rates continue to rise, the J.D. Power 2024 U.S. Auto Insurance Study finds consumer trust is key to maintaining satisfaction and brand loyalty.

There are at least four major issues to solve in order to unlock the full potential of telematics.

The 2024 U.S. Insurance Shopping Study finds that with increasing premiums, auto insurance customers are actively shopping for new carriers.

Allstate found that customers who use Drivewise are 25% less likely to experience a severe collision than those who don't.

With personal auto insurance rates increasing across the country, drivers are seeking ways to manage costs for mandatory insurance.

UBI and telematics program information from the top auto insurers.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

With rising auto premiums and increasing popularity of autonomous, connected, electric and shared vehicles, more insurers are offering telematics and usage-based insurance.

The 2023 U.S. Insurance Shopping Study finds that usage-based insurance programs increase customer satisfaction.

According to the report, UBI is taking on a larger part in insurance shopping and increasing in popularity.

Drive'n Save was built in partnership with Allstate's telematics subsidiary.

Also: Cancer coverage from John Hancock, Chubb; Equisoft's new investment.

Investment and innovation to keep drivers and people safe from distracted driving are necessary.

As consumers continue to rely more on digital transactions, it will become increasingly important for incumbent insurance carriers to integrate new technologies.

Automaker collecting more varieties of telematics data to better inform insurers' coverage.

Progressive will decrease premiums with the AI-based Motive Driver Safety solution.

Also: The Hanover's agent tech platform, Descartes Underwriting launches a carrier.