Description

Usage-based insurance (UBI) is an emerging trend in the European insurance market. UBI is limited and mainly targeted at young people. However, more insurers will start seeing a business case in UBI. The pace of development will differ by country and will be the highest among countries with high motor insurance premiums. Telematics technology is increasingly affordable. New opportunities to try before buying a policy will help to reduce customers’ privacy concerns. This research presents current and future market trends and growth perspectives up to 2020.