2024 Personal Auto Insurance Rates Overview
Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses
Insurance Telematics
Insurance telematics involves the use of technology to gather and analyze data related to vehicle usage and driving behavior. This category of review on Beinsure Media focuses on how telematics systems collect real-time information through devices installed in vehicles. These systems monitor factors such as speed, braking patterns, and location.
Insurance companies use this data to assess risk more accurately, tailor insurance policies, and potentially offer discounts based on safe driving habits. Telematics helps insurers to better understand driver behavior, reduce fraud, and enhance overall policyholder experience. The reviews cover advancements in telematics technology, its impact on the insurance industry, and how it benefits both insurers and policyholders.
Types of Telematics Insurance: Usage-Based Insurance, Pay-As-You-Drive & Pay-Per-Mile
Telematics insurance – usage-based insurance, pay-as-you-drive & pay-per-mile insurance, that you can get a discount on your car insurance
7 New Potential and Opportunity of Telematics in Car Insurance
New Potential and Opportunity of Telematics. Usage-based insurance is gaining popularity, many motor insurers are beginning to offer it
Internet of Things in Insurance. How IoT Technology Reshapes Business?
Internet of Things – key driver of data generation. IoT can provide insurers with valuable insights, potential to predict and prevent risks
Usage-Based Auto Insurance Programs Have a Dramatic Increase
Usage-based auto insurance programs have seen a dramatic increase, according to a new report, the consumer data
Best Technological Advancements for Insurance Agency Work
The future shown to us in old movies was unrecognizable to people of the time. Flying cars dotted the sky, robot maids cleaned up houses, space travel was easy
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA