Usage-based insurance (UBI), also referred to as pay-per-mile, pay-as-you-drive, or pay-as-you-go, is a type of auto insurance that, depending on the specific insurer’s program, can measure how far a vehicle is driven, where it’s driven, and/or how it’s driven. UBI is ofte...
In 2023, Asia-Pacific dominated the usage-based insurance market due to the surge in the number of connected cars has led to the introduction of new usage-based insurance (UBI) offerings. These advancements enable personalized insurance plans that factor in individual driving behavior, providing cos...
The usage-based Insurance market is segmented by type, technology, vehicle age, vehicle type and region. In terms of type, the market is fragmented into pay-as-you-drive insurance (PAYD), pay-how-you-drive insurance (PHYD), and manage-how-you-drive insurance (MHYD). Depending on technolo...
How is Smartphone-based Usage Insurance Gaining Ground? A smartphone or any other device can track this information for the purpose of bettering the chances of getting better discounts offered by the insurance companies by using their driving patterns. Sensors on smartphones are used to collect vehi...
Each insurance program offers drivers the opportunity to pay less for car insurance and includes enrollment discounts ranging from 5% to 10%. Yea or nay to UBI: Find your lowest rate at InsuranceHotline.com UBI programs are not for everyone. Even good drivers, who it should benefit most, ar...
In the late 1960s the Federal Communication Commission (FCC) approved the introduction of a system of radio telephone that was based on short-range mobile radio transmission. The mobile user carried (in their car initially) a radio transceiver (transmitter/receiver) that communicated with a base ...
identification, and retrieves the user profile and other relevant information from a user database. The computer system170may then sends information regarding various merchandise items currently sold in the retailer based on the user profile. This information may include new products, discounts ...
Segmented:After a company applies its segmentation based on the attributes and needs of its clients, it further segments them based on their age, income, gender. Diversify:It is generally a large business that supplies its products to multiple customer segments. Each segment is based on a partic...