Usage-Based Insurance Market Transformation Accelerated by...

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2025-05-30 08:55:04 -

Usage-Based Insurance Market Transformation Accelerated by Connected Vehicles and Automotive Partnerships

The usage-based insurance market is undergoing significant transformation, driven by rapid advancements in telematics, data analytics, and shifting consumer expectations. Traditionally, auto insurance premiums were determined by broad demographic and historical factors. However, usage-based insurance is revolutionizing this model by tailoring premiums to individual driving behaviors, offering a...

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