There is a consensus in the market that despite all promises and forecasts, UBI has not become mainstream, and it is still in its infancy. Therefore, it is about the right time to stop the race for a moment and examine whether insurance telematics is going to be a success story, or is rather a bubble.About a month ago, in May 2015, the British Insurance Brokers Association (BIBA) released a research, showing the figures of UBI in the UK. The research showed that the number of live UBI policies i


I like the approach suggested, and believe one of the issues is the single data source and provider model. Imagine the internet where you decided what website to go to, and they provided the connection and service. Not much value in the long run. What is needed is a truly open connection when aggregators and service providers can compete to obtain your data (in exchange for something you want) and offer it to multiple payers. Also, all the cars need to use the same system for connectivity and communication – an open model. There are plenty of technical solutions to this and if the UBI providers will take a long term approach, they can conclude there is no profit in being a closed architecture.

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