UBI Has Failed, but Telematics…Wow!

By Insurance Thought Leadership

Usage-based Insurance (UBI) has shown minimal benefits in most insurance sectors, however telematics data has seen some success. Italy has the highest coverage of telematics-based motor policies globally. A paper published by Swiss Re in conjunction with insurance thought leaders shows that Italian insurers with a telematics portfolio have shown on average 20% lower claims frequency on a risk-adjusted basis than a non-telematics portfolio.

Read more here and view the paper here.

15 Aug 2017

Tagged in: Italy, telematics, UBI

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