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| | Usage-based insurance (UBI) is personalizing the previously impersonal business of auto insurance. This business model—also known as pay-per-mile, pay-as-you-drive, or pay-as-you-go policies—enables insurers to charge customers per mile they're driving or based on their driving behavior, rather than demographic information.
In The Usage-Based Auto Insurance Report, Insider Intelligence evaluates the growth opportunities within UBI, outlines the model's benefits, and highlights key players in the space. We profile three incumbents and one insurtech within the UBI space and detail information about their onboarding process, IoT devices, data collection, and pricing. Additionally, we spotlight some of the key considerations in relation to each offering, as well as the impact of the pandemic on the insurers' operations. | In full, this exclusive report: | | |
| 1 | Outlines the benefits of developing a UBI offering | | 2 | Details what kind of features a UBI offering should have to be competitive, and explains how insurers can get an edge over competitors' products | | 3 | Spotlights four players within the UBI space that offer such policies for auto coverage | | 4 | Highlights what types of IoT devices they're using to collect data, and provides information on what kind of information is being collected | | 5 | Discusses how these four players have been affected by the pandemic, and notes key considerations for each of their offerings |
Get all of these insights and more when you purchase the Usage-Based Auto Insurance Report for $495. | | |
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