Usage based insurance pilot program being tested on motorcycles

usage based insurance dashboard

The test will be performed by SGI, which makes it among the first in the world to use telematics on these vehicles. SGI (Saskatchewan Government Insurance) has announced its proposal to begin a program that will apply usage based insurance technology to policies that cover motorcycles, joining the very first in the world to take this step. Only a small handful of other companies across the globe have intentions to test telematics for motorcycles. Usage based insurance technology functions by installing a small device into a vehicle in order to…

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Usage based insurance coming to Canadian province of Alberta

Usage based insurance

Drivers may soon be able to prove to their insurers that they are safer and be rewarded with discounts. Motorists in the Canadian province of Alberta could soon have the option to have telematics devices installed in their vehicles so that they can take advantage of discounts from usage based insurance programs when they prove that they have cautious driving habits. The province is currently studying the technology which would reward safer drivers. The usage based insurance devices would be installed on a voluntary basis to allow motorists to show…

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Usage based insurance technology embraced by drivers who want to save

usage based insurance auto

According to the results of a recent survey, drivers will report their data in order to achieve greater savings. The results of a survey from Cisco Systems, the networking giant, have now been released in a report from the company that have shown that usage based insurance has great potential as consumers are willing to embrace technology in their vehicles in order to enjoy lower premiums. Consumers have shown that they would be willing to allow insurers to track their driving data in exchange for savings. The results of the…

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Telematics: The rise of usage-based insurance

Usage based insurance

Usage-based insurance is gaining traction Usage-based insurance coverage had, once upon a time, been considered little more than a fantasy. Now, however, it is becoming much more of a reality as we see insurance giants roll out their new auto insurance plans based on this technology. As the term suggests, usage-based insurance is based on driving behavior. This means that policyholder’s rates are based on how many miles driven, what time of day and safe driving habits and more. Determining whether or not coverage is in use can be a…

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Telematics Update: Free Webinar – Pinpoint the ROI of UBI in Order to Accelerate Mass Market Adoption

Telematics Insurance News

  Telematics Update has announced that free registration is now open for the exclusive webinar: ‘Pinpoint the ROI of UBI in Order to Accelerate Mass Market Adoption’. Telematics Update have brought together UBI experts from Progressive, Plymouth Rock and Towers Watson for a webinar to explore the financial and service benefits for insurers and consumers that UBI can yield. The free interactive event will be held on Thursday, May 9, 2013 at 11am (EST) and is open to the entire insurance community! Register here: http://www.telematicsupdate.com/insurance-telematics/webinar.php Top auto insurers Progressive, Allstate and…

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