Insurance telematics is gaining traction in Europe – particularly Italy and the U.K. The technology is there – but what are the developments in the regulatory and legal framework? And what about consumer confidence? Christine Whitehouse investigates.
Insurance telematics, or usage-based insurance (UBI), has the potential to change motor insurance. It’s increasingly viewed as a fairer alternative to traditional risk policies based on age and occupation, which do not take driver behavior into account.
Industry insight: Insurance telematics
Telematics Munich 2013