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Tag Archives: UBI

UBI global market grew by 32% in 2016 to 14 million policies

ptolemus-t'wire

According to Quarterly UBI Dashboard of Ptolemus Consulting, North America represents the biggest market to date with over 7.1 million active policies. This compares to 6.5 million active policies in Europe and less than 0.4 million in the rest of the world. The 3 biggest UBI insurers in North America are …

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Usage-based Insurance market expected to garner $123 billion by 2022

Allied Market Research

Latest report based on title “Usage-Based Insurance Market” published by Allied Market Research, states that the market is expected to garner $123 billion by 2022, growing at a CAGR of 36.4% from 2016 to 2022. North America is expected to grow at the fastest pace during the forecast period, owing to …

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CarVi to begin shipping its ADAS equipment

carvi_2016_telematics_wire

Published: 26 October 2016 CarVi will soon begin shipping its ADAS to Indiegogo backers.  From November, the device will be available in retail. Last year, CarVi ran a successful campaign on the crowdfunding platform Indiegogo, raising over $100,000. In spring, the company also secured Series A funding from Samsung Venture Investment, …

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Amodo parters with Nicigo to extend UBI solution

NIcigo

Published : 20 October 2016 Hangzhou Nicigo Technology Co.  and Amodo has developed a state-of-art driver behaviour profiling and Usage Based Insurance (UBI) platform with particular focus on as customer engagement capabilities. Both companies are well involved in the insurance telematics space.The purpose of the announced partnership is to integrate …

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LexisNexis risk solutions annual telematics study reveals 50% of drivers adopt usage-based insurance when offered to them

Lexis Nexis

Published: 26 August 2016, Atlanta A new LexisNexis Risk Solutions study on usage-based insurance (UBI) found that a surprising number of U.S. drivers (50 percent) report enrolling in pay-as-you-drive policies when offered, yet few are given the choice, revealing a significant market-building opportunity for auto insurers. The 2016 LexisNexis® Usage-Based …

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Functionality of UBI business model: PTOLEMUS

Thomas-photo-web

Thomas Hallauer, research director and Justin Hamilton, Business Analyst at PTOLEMUS consulting group, analyses the impact of the recent announcements on the insurance sector. In the process he shares some insights and results from the new Connected Mobility Global Forecast which details the 14 markets exploding thanks to telematics technology. …

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Autonomous cars driving the market for new insurance services in UBI

ABIresearch-Logo

Published: July 14, 2016 | London, UK According to a new report published by ABI Research, while the advent of autonomous driving threatens to negatively impact the automotive insurance market, it can also innovate. Autonomous technologies present opportunities for new insurance services, particularly in relation to Usage Based Insurance (UBI). …

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CSC expands digital insurance services with UBI solution

CSC_Logo_Telematics_Wire

Published: June 14, 2016 | Tysons, US CSC has launched a new usage-based insurance (UBI) and telematics offering to help insurers price new products based on driving behaviors. The offering incorporates digital claims, policy administration and underwriting solutions with driver profile software from Scope Technologies. The result is a telematics-based offering that will …

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UBI to drive insurance IT spending in US

Research and Markets

Published: May 24, 2016 | Dublin, US The insurance industry in the Americas is highly competitive and regulated in nature. The insurance market in the US is influenced by economic and political conditions of the country. GDP is one of the major factors that can influence the growth rate of …

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