When launching a Usage-Based-Insurance (UBI) solution, it's essential to Try-Before-You-Buy, not only to make sure that it fits your needs as an insurer, but also that of your customers.
With the proliferation of telematics devices in vehicles tracking us constantly, it sometimes feels like we're being watched all the time. It's hard not to be paranoid or worried about privacy concerns. With all the different things out there constantly monitoring us, from GPS to CCTV, it sometimes feels like Big Brother is spying on our every move.
For years I've been saying that I need to buy a new car. Frankly, I'm getting sick and tired of needing a tetanus shot every time I take that rust box on four wheels out for a spin. Yes, I know car insurance is going to play a huge role in the make, model and year of the car I do end up buying. I guess no red sports car for me until I check with a few insurers first.