Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service providers such as Google and Amazon, according to new research by Accenture based on …
California is turning into a battleground for technology that allows auto insurers to track their customers’ driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Insurance companies are increasingly installing …
Allstate’s usage-based insurance product, Drive Wise, will be put to the test by interested employees and Allstate agency owners. The crowdsourcing technique will put the device in the hands of employees and agency owners around the country to identify opportunities …
The number of insurance telematics users in Europe will grow from 1.5 million in 2010 to 44 million in 2017, initially driven by the UK and Italy, according to ABI Research’s study, “Insurance Telematics.” Despite aggressive efforts from Progressive, North …
The number of global insurance telematics users will grow at a CAGR of 90% from 1.85 million in 2010 to 89 million in 2017. Dominique Bonte, group director, telematics and navigation, comments, “While insurance telematics or usage based insurance (UBI) …