Usage-based insurance (UBI) is de toekomst van autoverzekeringen. In de Verenigde Staten en Canada werken de grote verzekeraars al met telematica om op maat gemaakte polissen aan te bieden. Maar hoe kunnen hun kleinere concurrenten instappen zonder verpletterd te worden door de early adopters? Ik schreef hierover voor TU Automotive: Second bite of the UBI cherry could be tastiest for smaller Canadian insurers.
How smaller insurance companies can gain 2nd mover advantages with UBI, investigated by Hans Klis.
Increasingly car insurance companies globally are using telematics to offer usage-based insurance (UBI). In the US eight of the ten largest insurers offer UBI solutions according to reports by Intelligent Mechatronic Systems (IMS). Countries like Italy, the UK, Japan and South Africa are also seeing a surge in the use of telematics.
UBI is the future of car insurance. The PTOLEMUS Consulting Group projects that in 2020 some 100M cars worldwide will be insured by pay-as-you-drive policies. No longer will drivers pay a standard fee based on their age, gender or car type but by a personalised amount based on the way they drive.
The connected car, on-board and mobile devices will register and transmit all that to car makers and insurance companies. And don’t think this trend will fade – in 2030 the number of cars insured this way will probably skyrocket to more than half of all the vehicles on the planet. That will translate to over Canadian $385Bn (£192Bn) in revenue on a yearly basis. “Like Uber, telematics will radically transform the business model of auto insurance, from underwriting to claims management. The days of insurers relying on purely statistical models are numbered”, managing director of PTOLEMUS Consulting Group Frederic Bruneteau writes in the report.
