Usage Based Insurance and Safety Telematics Synergies

With Progressive’s Snapshot having attracted more than 1 million drivers in the US and Octo Telematics already counting close to 1.3 million UBI customers – mainly in  in Italy – insurance telematics is now entering the mainstream market, at least in certain countries. At the same time; however, the very nature of UBI is changing, embracing advanced driver monitoring analytics, moving to a proactive safety approach based on accident prevention, embedding UBI in a wider set of safety telematics offer, and leveraging the power of connectivity for CRM programs aimed at improving the customer experience and loyalty.

With the emergence of active safety systems such as ADAS and various forms of semi and fully autonomous driving and the drive towards a zero risk environment, the auto insurance industry faces new paradigms which will fundamentally change the nature of insurance telematics.

 

Table of Contents

  • 1. UBI AND INSURANCE TELEMATICS SCOPE EXPANDING BEYOND PAYD/PHYD TOWARD A HOLISTIC SAFETY APPROACH
    • 1.1. Status of UBI
    • 1.2. Sophisticated Driving Behavior Monitoring via Advanced Analytics - The Big Data Challenge
    • 1.3. EU Gender Ruling Shaking Up the Auto Insurance Industry
    • 1.4. Moving Toward a Proactive Accident Prevention Attitude
    • 1.5. Moving Toward a Complete Safety Approach, Driving Revenues and Loyalty via CRM
    • 1.6. Smartphone-based UBI on the Rise
    • 1.7. UBI for Commercial Vehicles
    • 1.8. Insurance Telematics Forecasts
  • 2. ACTIVE SAFETY AND (SEMI-) AUTONOMOUS DRIVING: OPPORTUNITY OR THREAT FOR INSURANCE PROVIDERS?
    • 2.1. A New Environment Emerging for Auto Insurers - Automotive Mega Trends
    • 2.2. Insurance Telematics and Advanced Driver Assistance Systems
    • 2.3. Autonomous Driving and Driverless Cars
    • 2.4. Does a Future Exist for Auto Insurance in a Zero Accident Environment?
  • 3. UBI ECOSYSTEM PERSPECTIVE: DIVERSIFICATION AND DIFFERENTIATION
    • 3.1. GM
    • 3.2. Ford
    • 3.3. Vodafone
    • 3.4. Telefónica
    • 3.5. State Farm
    • 3.6. Progressive
    • 3.7. Allstate
    • 3.8. AA
    • 3.9. Coverbox
    • 3.10. Hughes Telematics (Verizon)
    • 3.11. insurethebox
    • 3.12. Zurich
    • 3.13. Octo Telematics
    • 3.14. Liberty Mutual
    • 3.15. Allianz
    • 3.16. Sprint
    • 3.17. TomTom
    • 3.18. ingenie
    • 3.19. The Marmalade Group

Charts

  1. Insurance Telematics Shipments by Region, World Market, Forecast: 2010 to 2018
  2. Insurance Telematics Subscribers by Region, World Market, Forecast: 2010 to 2018
  3. Insurance Telematics Discounts by Region, World Market, Forecast: 2010 to 2018
  4. Insurance Telematics Subscribers by Type, North America, Forecast: 2010 to 2018
  5. Insurance Telematics Subscribers by Type, Europe, Forecast: 2010 to 2018
  6. Insurance Telematics Subscribers by Type, Asia-Pacific, Forecast: 2010 to 2018
  7. Insurance Telematics Subscribers by Type, Rest of the World, Forecast: 2010 to 2018

Figures

  1. Smart Mobility Diagram, World Market, 2013