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Telematics in insurance: beyond pricing

There are a wide range of new services that insurers might offer to both personal and commercial lines customers based on telematics data, like those already offered in other countries.

By Mark Breading | Updated on July 04, 2016
Most insurers with UBI programs are collecting data on location, routes driven, vehicle diagnostics, and other information. (Image: iStock)

Sometimes it is difficult to believe that vehicle telematics for usage-based insurance is 20 years old.

While the likes of Norwich Union and Progressive began planning and piloting long ago, most of the real activity in the market has taken place over the last few years.

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