Re-imagining what’s possible with mileage-based and PAYD telematics
The World is Changing – Do You Have the Best Options for Your Policyholders
Post-COVID, remote working and fewer commutes remains the norm. Policyholders are shopping and looking for options to continue to beat inflation and offset premium increases. As a result, UBI and mileage-based programs are surging in demand.
However, the majority of mileage-based programs in market are limited and only track actual mileage travelled – but do not factor in safe driving behaviors including distracted driving. At the same time, you and other insurers also face increased cost scrutiny during this inflationary period and hardening markets – favoring solutions that enable scale and reduce cost.
Do you have the right insurance options for your policyholders during these times?