Truth in Motion

UBI: Doing Nothing is Not an Option

UBI: Doing Nothing is Not an Option

For P&C personal and commercial lines carriers, telematics-powered Usage-Based Insurance (UBI) is becoming more of a competitive differentiator than ever, with more than 20 filed UBI products in four states and at least 10 in almost every state, according to Willis Towers Watson.  Yet, obviously, not every property and casualty insurer offers UBI as part […]

Telematics and UBI Meet Mobile as Safety Takes Center Stage

Telematics and UBI Meet Mobile as Safety Takes Center Stage

There’s a lot of confusion out in the marketplace on just what telematics is and what it can do. Part of this confusion comes from the exponential rise in expectations by consumers who demand telematics-enabled ease of use as well as speed of use in almost every application. And part comes from the reduction in […]

Do Drivers Still Need to Pay Attention?

Do Drivers Still Need to Pay Attention?

The advent of safety features as standard in new vehicles isn’t a new idea.  In fact, we’ve come a long what since the first federal seat (safety) belt law went into effect in 1968; in 2015 safety belts saved an estimated 13,941 lives, and for drivers and front-seat passengers, using a lap and shoulder belt reduces […]

Apple’s iOS 11 Explained: Do Not Disturb While Driving

Apple’s iOS 11 Explained: Do Not Disturb While Driving

With its upcoming iOS 11 release, Apple announced the inclusion of a new feature called “Do Not Disturb While Driving,” or DNDWD. Designed to sense when someone is driving and block all incoming calls, texts or other alerts, DNDWD is being introduced to combat distracted driving – a contributing factor of the recent massive spike […]

Insurer Use Case: Strategy in a data-driven world

Insurer Use Case: Strategy in a data-driven world

Data has unquestionably changed the way property and casualty insurers function in today’s marketplace, namely by offering access to more information about customers and prospects than ever before. What insurers do with their data is often the subject of discussion, especially when it comes to defining strategic goals and objectives and then executing on them. […]

Can UBI be a Vehicle to Improved Loss Ratios?

Can UBI be a Vehicle to Improved Loss Ratios?

It’s common knowledge that the auto insurance industry is experiencing its share of challenges right now related to combined loss ratios.  In fact, since 2012 auto insurance rates have increased in all states–and for all drivers–even those with flawless driving records.  We all know that this approach to selling auto insurance doesn’t lend itself to […]