Usage-Based Insurance Market Gains Momentum With Digital Innovation...

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2025-05-07 11:04:38 -

Usage-Based Insurance Market Gains Momentum With Digital Innovation and Behavior-Based Risk Assessment

Usage-Based Insurance market is rapidly transforming the global insurance landscape by leveraging telematics and real-time driving data to offer personalized premiums. Unlike traditional insurance models that rely on static demographic variables such as age, gender, and location, UBI uses actual driving behavior—speed, braking habits, mileage, and time of day—to assess risk. As a...

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