Worldwide usage based insurance market to break the €50 billion mark in 8 years

Usage based insurance

Global use of telematic technology and methods will skyrocket by 2020. According to a report by PTOLEMUS Consulting Group, an international strategy consulting firm, usage based insurance is going to change the way that auto insurers and their policyholders do business together. The report is being applauded as the most comprehensive ever created on insurance telematics. The strategic report was 400 pages long and is expected to become the document used by the industry as a standard reference, as it provides vital data regarding the global landscape for auto coverage,…

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