Webinar reflections: Six factors driving insurance to the fast lane of UBI adoption

telematics

A recent webinar hosted by Insurance Post and By Bits threw usage-based insurance under the spotlight. Here, the insurtech's CEO and founder Callum Rimmer underlines the key factors he believes indicate the longevity and potential transformational impact UBI might have on the motor sector.

Drivers, their relationships with their vehicles, and the impact of this on the insurance sector was the subject of a recent webinar, hosted on Insurance Post. With a panel comprising some of the

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Lack of trust in telematics hampering potential

After a survey found only 8% of respondents had received any communication from insurers about adopting telematics-based insurance to help reduce premiums, Fairer Finance’s James Daley said “telematics still doesn’t seem to be fulfilling its potential”.

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