2025 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
Telematics Insurance
Telematics insurance uses technology to track driving behavior. It involves installing a telematics device in a vehicle to monitor factors like speed, braking, and mileage. Insurers use this data to assess risk and determine premiums. Safe drivers can benefit from lower rates based on their driving habits, while those with risky behaviors may face higher costs.
This insurance model relies on real-time data collection to tailor policies to individual drivers. By analyzing driving patterns, insurers aim to offer more personalized pricing and encourage safer driving. Telematics insurance is growing in popularity due to its potential for cost savings and its focus on rewarding good driving practices.
AI-based Insurance Claims Management Systems May Even Be Tricked
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
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
Insurers Accelerates Investments in Digital Technologies & Automation Strategies
Insurers are accelerating their investments in digital technologies, applying Artificial Intelligence (AI) and automation strategies across entire business functions
How Technologies Will Shape the Future of Autonomous Mobility & Insurance?
Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond
How Digital Technology Adopting Can Help GCC Insurers Stay Ahead of the Curve?
Digital Technology and Digitisation the consideration of trends and the desire for greater flexibility in product development and making insurance information available to clients
UK life insurers are poised to continue benefitting from strong bulk annuity volumes in 2025 despite potential challenges from regulatory changes
Global insured losses from natural disaster events in Q1 2025 were preliminarily estimated to reach at least $53 bn, the highest Q1 insured losses since Q1 2011 ($81 bn)
Wildfire-related directors and officers (D&O) lawsuits represent a growing category of event-driven shareholder litigation. These insurance claims arise from major environmental
S&P Global Ratings reports that North American insurers have sufficient capital and liquidity to absorb current market volatility, including disruptions linked to recent tariff measures