Canadian Carriers and UBI Device Choices

As usage-based insurance (UBI) begins to gather steam and enter the mainstream market in Europe and the United States, the product is still very much in its infancy in Canada. One reason for this time lag, says Dan Maddison, director of market research and development at the Co-operators, is that auto insurance is highly regulated in Canada and provincial regulators must approve UBI products.

Related Content: UBI Must Allay Privacy Concerns to Drive Sales in CanadaImage: Tags: UBIInsurance CanadatelematicsChannels: Insurance & Legal