Great to see Telematics/USer Based Insurance is taking off...hope it is on time before the self driving cars take off!
Last year I wrote about how the first connected car killer app was already here in the form of User-Based Insurance (UBI). As a quick reminder, UBI is when an insurance company is able to measure exactly how you drive (via telematics) and provide you an insurance policy tailored to your specific habits. Drive aggressively and pay more. Drive safely and pay less. Since it’s been a little while, it seems like a good time to share the latest thinking in the near, medium, and long term trends of UBI.