Study: Usage-based insurance to see sharp growth

12/4/2012 | Insurance Networking News

Insurance professionals say they expect a rapid increase in the market share of usage-based insurance, but "there is no unanimity of opinion as to how big a share of the market UBI will ultimately have, what it will look like, and what it will do to the traditional market," Strategy Meets Action says in a research paper. One-fifth of those surveyed said they expect usage-based insurance to compose more than half of the market for personal auto insurance by the end of the decade, the paper says.

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