The State of Usage Based Insurance

The State of Usage Based Insurance
Ptolemus Consulting issued last week an interesting infographic that describes the current state of Usage-Based Insurance (UBI), also called insurance telematics.

It is estimated that around 5.5 million insurance policies leveraging telematics data have been issued so far. This concerns essentially three markets: United States, Italy and United Kingdom.

Ptolemus has great expectations for UBI with a forecast of a significant penetration in the United States and Europe in 2020. Future will tell if it goes as fast as expected.

Wednesday, April 16th 2014

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