The Intersection - The Insurance-Canada.ca Blog

Telematics: A Larger Landscape

Telematics-enabled Usage-Based Insurance (UBI) has been slow in penetrating the traditional insurance market, causing some to dismiss the approach. However, the inexorable press of time is showing the larger significance of telematics. How do you see this impacting your digital strategy? It started out so simple… UBI has been around since the early part of… Read more »

Pay As You Drive Growth Driven by Profitability, Competition, Regulation

It seems that Pay-As-You-Drive (PAYD), or Usage Based Auto Insurance (UBI) is gaining traction and credibility.  Drivers for the growth include business and regulatory reasons.  In addition, a respected consulting firm has offered a professional service to supports its use through aggregated data and analysis. We have written in previous posts that Progressive Insurance has… Read more »

Telematics: Service Providers Lead a Path that Insurers Could Follow

We have blogged in the past about some of the isolated examples of insurers using Telematics – use of technology to monitor vehicles – (e.g.,  see comments on Commercial Underwriting) as well as on-going debate by some insurers as to the utility of the approach.  A recent posting by Jamie Yoder, principal at PwC’s Diamond… Read more »

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Win-Win: Commercial Fleet Underwiting with Telematics

We blogged recently on competitive uses of predictive analytics,and noted that ‘Telematics,’ the use of location technology to automatically track automobile usage, was gaining some favour for some auto underwriting.  There is now evidence that this will extend beyond obvious uses in personal lines to more sophisticated applications in commercial  fleet insurance. The neat spin… Read more »