Redtail Telematics and Aeris: Changing the Insurance Game Plan CASE STUDY Innovative advancements in the motor insurance industry have led to the evolution and deployment of new products and services using IoT telematics, such as usage-based insurance (UBI). The latest iteration of UBI (also known as black box insurance, or pay-as-you-drive, or pay-how-you-drive insurance) more closely aligns driving behaviors with determining insurance premiums. In fact, UBI has become more popular with both insurers and drivers in the last few years as a way to lower premiums for all drivers, but especially young drivers. Globally, Allied Market Research predicts that the UBI market is expected to grow at a compound annual growth rate of 36.4% from 2016 to 2022. With this hu

Join for free to read