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User-based auto insurance (UBI) platforms represent one of the more impactful coverage advances of the past decade. As most people working in the insurance industry are now well aware, these platforms enable insured drivers to rack up premium discounts in exchange for safely and responsibly navigating the roads.
Particularly as the economy fluctuates and household budgets tighten, UBI auto insurance has quickly gained popularity. The value of the global UBI insurance market is expected to grow to between $190 billion and $300 billion by 2026, according to the driving-data business IMS.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
