Telematics programs, also known as usage-based insurance (UBI), have revolutionized the insurance industry by allowing insurers to monitor and collect detailed data on policyholders' driving behaviors. Initially, insurance companies used this data predominantly to calculate more accurate
Telematics technology is quietly ushering in a new era for the auto insurance industry. On the one hand, it promises more equitable insurance rates by basing them on actual driving habits. On the other hand, the increased collection of driving behavior data triggers serious conversations about
In the intricate web of modern technology, the concept of "driver scores" is becoming as common as credit scores. However, instead of financial reliability, these scores look at the pivotal aspects of driving behavior — whether you tend to brake suddenly, speed, use your phone while d
Unveiling a realm where traditional processes are rapidly being eclipsed, the city of Chicago is establishing itself as a vanguard of insurtech innovation. This comes at a time when the technological sector, with a healthy infusion of fintech and healthtech, is already undergoing a significant
The insurance mobile apps market is set for a revolutionary change, with the convergence of technological innovation and shifting user expectations driving a new era of digital insurance solutions. From 2024 to 2031, the market is expected to witness significant growth, fueled by the demand for
In today's fast-paced digital world, car insurance apps have become indispensable for drivers. These applications provide a plethora of features that go beyond just insurance management—they enhance the overall driving experience and offer users easy and quick access to various i
