UBI Confers Competitive Advantages

Even if the technology doesn’t immediately attract consumers, insurers offering such programs are establishing robust data sets, underwriting methods and laying the foundation for more positive customer interactions, Deloitte says.

INN Breaking News, April 24, 2014

Chris McMahon

Early adopters of usage-based insurance programs, also called insurance telematics, are gaining a wealth of data, experience and insights that could provide long-lasting competitive advantages, according to “Overcoming Speed Bumps on the Road to Telematics,” from the Deloitte Center for Financial Services.

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