Smartphone apps to dominate UBI, says Wunelli

Telematics insurance is becoming increasingly popular with drivers: new research by Innovation Group has found that almost 75% of the UK population would support telematics insurance technology if it would lead to lower premiums. Sathya Kabirdas, Research Manager, Frost & Sullivan said that usage-based insurance (UBI) is being pushed in the European market in a big way, and Niranjan Manohar, Programme Manager, Frost & Sullivan said that UBI in the US is now a mainstream offering by more than 60% of insurers.