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.

Usage-based insurance models stand to cut costs for both insurers and the insured.

Life and health insurers using tech-powered marketing technique to nudge policyholders.

In-vehicle data from embedded vehicle sensors is richer, more reliable, convenient and cost-effective.

The most common concern about telematics is the data being used against a driver for legal purposes.

How inflation spurred more UBI adoption, and an update on the top 10 auto carriers' UBI programs

The insurer introduced the tech to accelerate claims and simplify the customer experience.

Most consumers expect their insurance company to be able to interact with them through all digital channels.

The usage-based auto insurance company is refining its product for its divergent markets.

Tesla has so far had no trouble growing its way through Musk’s many controversies.

Progressive and USAA, during Q2, lost the most consumers to GEICO.