
There is Nothing Accidental About How Usage Based Insurance Changed the Auto Insurance Market
UBI applies driving behavior and mileage as key measures for pricing, and discounts in auto insurance. An analysis in 2020 by Allied Market Research suggested that UBI is rapidly changing the North American auto insurance market and predicted that globally, with a 25% CAGR, UBI will approach $150Bn USD by 2027. There are good reasons for the rapid shift.