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Telematics and the Battle for Market Share

Its difficult to predict what the personal auto insurance market will look like by the turn of the next decade, but even conservative estimates indicate telematics and usage-based insurance (UBI) will become a catalyst for change, according to a recent Strategy Meets Action research paper.

By Robert Regis Hyle | Updated on December 18, 2012

It’s difficult to predict what the personal auto insurance market will look like by the turn of the next decade, but even conservative estimates indicate telematics and usage-based insurance (UBI) will become a catalyst for change, according to a recent Strategy Meets Action research paper.

Richard Welch, a former insurance CEO, is a guest author of the SMA report along with SMA partner Mark Breading, believes that even with just 10 percent of the market in 2020, that still means 25 million cars will be insured through some type of UBI program.

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