Smartphones will change the story

November 13, 2018 by  
Filed under Blog

Smartphones are impacting the Usage-based Insurance proposition from different angles but one of the real gains will be seen on the sales and marketing sides. One of the most difficult challenge today and in the future is to ensure the drivers accept a device in its vehicle or agree to download and then use an app that […]

Smartphonisation is reshaping banking. Insurance is next

October 12, 2018 by  
Filed under Blog, Insurance telematics

Less than 6% of all auto insurance policyholders worldwide actively use an insurer’s mobile app. This corresponds to only 50 million drivers globally – about half of US mobile banking users! We reviewed 245 insurance apps worldwide and found that only 45% of the top insurers offer basic corporate services (including insurance ID, coverage details […]

My experience of UBI: some insurers are simply missing the point

April 17, 2018 by  
Filed under Blog, Insurance telematics

I have been analysing the UBI market for about 10 years and believed every programme would take the opportunity to connect with their customers and use driver scoring to give feedback, therefore keeping the customer engaged and reducing risk. I started to drive again 2 years ago and decided to take out a UBI policy […]

Will Italy mandate telematics in Insurance?

April 16, 2018 by  
Filed under Blog, Insurance telematics

(Italian version) Since August last year, there is a law in Italy that recommends Telematics for all insurance. (L124/2017 – Market and competition act approved by the parliament on 4 August 2017) The general rules follow the 2012 “Monti Decree”, it includes: A requirement for the vehicle to be physically inspected by the insurer before […]

Telematics will “uber-ize” the auto insurance industry, says PTOLEMUS’ new UBI study

December 16, 2015 by  
Filed under Blog

PTOLEMUS Consulting Group released the 2016 edition of its usage-based insurance global study by offering a free, 125-page abstract. Available to download today, the document reveals the key findings of the 1,000-page telematics insurance market analysis. With 230 active programmes and 12 million customers, Usage-Based Insurance (UBI) is now a truly global phenomenon that reaches […]

Connected vehicles services: legal and regulatory update

August 18, 2014 by  
Filed under Blog

This month, we asked Osborne Clarke to analyse the main legal developments since the publication of the UBI global study in October 2013 and their potential impact on the industry. The eCall Mandate The proposals for eCall legislation are now coming together with (i) all models newly type-approved needing to be fitted with eCall technology […]

Data privacy: it’s not just the law which is changing

March 18, 2014 by  
Filed under Blog

With fresh calls for tighter regulation on how personal location data is handled coming from the most unlikely ranks, we look at how data management will change for insurance carriers, services providers and wireless operators. Last week, Martin Winterkorn, CEO and chairman of the board of management at Volkswagen, was quoted saying: “The car must […]

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