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Newer cars will have onboard data recorders to track speed, direction and seat belt usage.

Newer cars will have onboard data recorders to track speed, direction and seat belt usage.

Insurers may be able to innovate, particularly in the car-sharing market. But how can they adapt models to meet consumer demands?

Insurers may be able to innovate, particularly in the car-sharing market. But how can they adapt models to meet consumer demands?

Existing operational analytics aren't enough to improve underwriting results and create new revenue streams in the face of a tough economic climate, increased competition,shifting regulations, and lagging organic growth.

Sirius XM Radio has entered into an agreement to acquire the connected vehicle services business of Agero, Inc. for $530 million in cash.

Sirius XM Radio has entered into an agreement to acquire the connected vehicle services business of Agero, Inc. for $530 million in cash.

With insurers and vendors working to solve high entry costs, data challenges, and intellectual property concerns, user-based insurance may finally be nearing its much-anticipated breakthrough to the mainstream.