Back

Usage-Based Insurance (UBI)

What is usage-based insurance (UBI)?

Usage-based insurance (UBI) is the use of telematics data to determine a driver’s behavior (speed, braking, stopping, location) to assess his or her risk factor for the purpose of purchasing auto insurance. While conventional insurance takes into account the driver’s history, this new form of insurance considers current behavior to evaluate and update the insurance premium.

Related articles

How Insurance Leaders Successfully Leverage Geospatial Technology and Data Blog

How Insurance Leaders Successfully Leverage Geospatial Technology and Data

Read how geospatial technology and data are essential to insurance companies to better model risk, set accurate premiums, accelerate claim management and many more.
Read more
How to Overcome Insurance Challenges with Accurate Geocoding Blog

How to Overcome Insurance Challenges with Accurate Geocoding

Insurance is a promise to policyholders. It says, when something goes wrong, we’ll be there to help.
Read more
How to Use Hyper-Precise Insurance Underwriting Data and Geocoding for Pricing Policies Blog

How to Use Hyper-Precise Insurance Underwriting Data and Geocoding for Pricing Policies

Insurers are increasingly embracing geospatial technology and, more specifically, hyper-precise insurance underwriting data and insurance geocoding systems to improve pricing policies.
Read more
CHATWITH US