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UBI will represent more than 100 million policies generating $80 billion in premiums by 2020, according to PTOLEMUS.

UBI will represent more than 100 million policies generating $80 billion in premiums by 2020, according to PTOLEMUS.

In auto insurance, the direct model is winning, the value of independent agents is diminishing and the proof is in an examination of the continued rise of Geicothe only major pure direct modelversus challenges at Progressive Corp. due to a legacy agency business, according to an analysis released today.

Insurers have generally cut IT budgets over the past five years, due mostly to the economic downturn, but a comparatively brighter outlook now should spur growth in IT investments over the next five years with a particular focus on expanding digital channels.

Insurers have generally cut IT budgets over the past five years, due mostly to the economic downturn, but a comparatively brighter outlook now should spur growth in IT investments over the next five years with a particular focus on expanding digital channels.

Allstate says it has hit a major milestone in July as its Drivewise customers register more than one billion miles driven over the course of about 38 million driving hours of data.

Allstate says it has hit a major milestone in July as its Drivewise customers register more than one billion miles driven over the course of about 38 million driving hours of data.

Auto-insurance consumers are at once interested in and largely not purchasing usage-based insurance products. Why?