The insurance industry is at an exciting precipice.
Telematics is gaining steam as more insurance agenciesimplementing telematics programs see a positive effect on theirbottom line, and more consumers begin to realize the advantage ofone of the most prevalent uses of telematics: usage-based insurance(UBI).
UBI programs allow policyholders to voluntarilytrack their driving habits and share the information with theirinsurance agency, in return for discounts and incentives for gooddriving behavior or scores. But telematics and its advantages gowell beyond insurance premium discounts.
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