Tag: Connected Insurance

In 2016, the average direct combined loss ratio among the nation’s ten largest insurance companies ballooned from 99.7 percent (in 2010) to 107.1 percent. In simple words, these major insurers...

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Price transparency is becoming the new norm as auto insurers shift to meet consumer expectations that policy rates should be based on driving behavior. Those are the results...

Young drivers represent both a risk and an opportunity for insurers. On one hand, they tend to get in more accidents, and are particularly prone to distracted driving with smartphones. On the...

As roads become increasingly more dangerous, due in part to drivers using their mobile phones, attempting to reduce distracted driving through laws is a step in the right direction.  Ten...

After a muted year for growth in usage-based auto insurance programs, several carriers are rolling out new or reworked versions of their initiatives to take advantage of consumers’ own smartphones...