UBI Market Share Could Surge Past 50 Percent by 2020

However, uncertainty surrounds ultimate size and shape of the market, as well as its effect on traditional auto insurance, according to SMA study.

INN Breaking News, December 4, 2012

Chris McMahon

By the year 2020, one in five insurance company professionals predict usage-based insurance (UBI) will capture more than 50 percent of the personal auto insurance market, according to “Telematics/Usage-Based Insurance: A Catalyst for Change,” a research paper from Strategy Meets Action.

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