The auto insurance sector is currently undergoing a transformative phase, primarily driven by the rise of Usage-Based Insurance (UBI). This innovative model diverges from the conventional framework by integrating real-time driving behavior into risk assessment and pricing. Traditional insurance
State insurance regulators and the NAIC are spearheading a pivotal data call involving over 400 property insurers, signaling a major shift in U.S. property insurance regulation. This move showcases a transition to a data-centric approach, reflecting the evolving nature of the insurance industry
