Filed Under:Carrier Innovations, Analytics & Data

UBI to Dominate Auto Insurance by Next Decade

SMA research report looks at how telematics with transform the personal auto market.

Strategy Meets Action (SMA), an insurance strategic advisory firm, announces a new research report, “Usage Based Insurance/Telematics: A Catalyst for Change” with results of a survey of North American property and casualty insurers indicating that 75 percent of insurers believe usage-based insurance (UBI) will fundamentally alter the auto insurance industry between now and 2020.

"Insurers have been experimenting with telematics for 15 years. Now, telematics is rapidly gaining momentum, and every auto insurer should be thinking about their plans for telematics and usage-based insurance," says Mark Breading, co-author of the study and SMA Partner.

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