Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings for insurance rating and usage-based insurance (UBI) programs. The product, called OdometerConfirm, allows insurers to …
How long does it really take for your car to come to a complete stop? While the technical answer lies in the laws of physics – to do it safely, that’s a whole other ball game. Progressive Insurance analyzed more …
A survey of 500 consumers conducted by the Progressive Group of Insurance Companies reveals that the majority of participants believe usage based insurance (UBI) is a fairer way to price insurance, versus the traditional insurance rating variables such as age, …
Predictive modeling has notably increased in value across several areas of property/ casualty insurers’ business over the past six years, according to global professional services company Towers Watson’s annual Predictive Modeling Survey. The web-based survey of U.S. and Canadian P&C …
Seminar for insurance carrier professionals will offer frank insights and experiences on developing a successful UBI program Scottsdale, AZ, October 6, 2014: We’ve all seen the statistics. Telematics and UBI are exploding at an exponential rate. From 1.85 million insured …
Unique luncheon series offers frank insights and experiences on developing a successful UBI program Scottsdale, AZ, September 10, 2014 – We’ve all seen the statistics. Telematics and UBI are exploding at an exponential rate. From 1.85 million insured enrolled in …
The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, and in theory, should …
Allstate reports that drivers that are signed up for its usage-based insurance program, Drivewise will register more than one billion miles driven this month. Allstate also said that Drivewise is launching in Kentucky and Montana this week, making the usage-based …
Global insurance telematics subscriptions are expected to grow 81 percent from 5.5 million at the end of 2013 to 107 million in 2018. “With Progressive’s Snapshot having attracted more than 1 million drivers in the U.S. and Octo Telematics already …