Usage-based insurance

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.