Telematics promises to be a game changer in the Canadian auto insurance industry, but it’s early days and challenges abound. In the second of a two-part series, Brendan McNally reports.
The good and bad in data portability
Such degree of data portability makes Canada one of the most advanced UBI markets in the world, but it also makes it one of the most difficult markets for UBI insurers to make money on.
This is because drivers and insurers are attracted to UBI for nearly opposite reasons.
Industry insight: Insurance telematics
Insurance Telematics Canada 2014