Insurers adopting usage based insurance have now another dilemma to resolve – how to deal with the rising sophistication, popularity and reliability of smartphones. According to new research from the US the use of mobile based telematics applications to capture driver behaviour will disrupt current UBI trends. This view comes from the US consultancy Deloitte. Deloitte argues that mobiles have ‘multiple structural advantages over other data collection platforms’. It points out to insurers that no matter what type of commercial… read more →
Aviva were one of the earliest insurers to provide a telematics product anywhere, under their previous name Norwich Union which launched a product under the trademarket “Pay as you Drive” in 2005 only to scrap all telematics policies in a misguided move in 2008.