70 Percent of Insurers Planning, Piloting or Implementing Telematics

Discounts drive promotions, even as costs remain a concern for both IT and business people.

INN Breaking News, February 19, 2013

Chris McMahon

Fewer than one-third (30 percent) of insurers have no current plan all to offer insurance telematics, according to “Telematics/Usage-Based Insurance: Insurer Priorities and Plans,” from Strategy Meets Action. And while 70 percent of those surveyed are in some stage of planning, piloting or implementation of a telematics program, just 18 P&C insurers have an active UBI program in more than one state or province.

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