Report: Telematics a Bridge to ’An Inevitable Future for The Insurance Industry’

The use of telematics technology in auto coverage, and the usage-based insurance (UBI) model, will "act as bridges toward an inevitable future" for the industry, in which "non-traditional" companies could "enter and disrupt" the risk management business, Aite Group LLC suggested in a new report. Aite Group announced Thursday the release of Telematics and Usage-Based Insurance: Notable Players in an Evolving Market. That report includes information on six "leading" vendors providing usage-based insurance.