09:50 uur 08-01-2016

Onderzoek PTOLEMUS: Op gebruik gebaseerde verzekeringen worden mainstream

LONDEN–(BUSINESS WIRE)– PTOLEMUS Consulting Group heeft voor CES 2016 zijn nieuwe UBI Global Study gepubliceerd met de titel “Uber-izing” auto insurancePTOLEMUS biedt daarnaast een gratis te downloaden abstract van 125 pagina’s aan, waarin de belangrijkste bevindingen van de duizend pagina’s tellende analyse van de telematicamarkt staan.

Op gebruik gebaseerde verzekeringen (UBI) is met 230 programma’s en 12 miljoen klanten een echt mondiaal fenomeen, dat in vergelijking met twee jaar geleden twee keer zo veel landen bereikt. In 2020 zijn 100 miljoen auto’s wereldwijd verzekerd met behulp van telematica. Dit groeit vervolgens naar bijna 50 procent van alle auto’s ter wereld in 2030, wat meer dan 250 miljard euro aan verzekeringspremies genereert.

As UBI Becomes Mainstream, Too Many Insurers Are Unprepared, Warns PTOLEMUS’ New UBI Global Study

LONDON–(BUSINESS WIRE)– For CES 2016, PTOLEMUS Consulting Group released its new UBI Global Study entitled “Uber-izing” auto insurance and offers a free, 125-page abstract. Available to download today, the document reveals the key findings of the 1,000-page telematics insurance market analysis.

With 230 active programmes and 12 million customers, Usage-Based Insurance (UBI) is now a truly global phenomenon that reaches twice as many countries as 2 years ago. By 2020, nearly  100 million vehicles globally will be insured with telematics policies. This will grow to nearly 50% of the world’s vehicles by 2030,  generating more than €250 billion in premiums for insurers!

While the report concludes the US is set to become the biggest market worldwide, many large insurance companies such as GEICO, are yet to launch connected insurance programmes. The consequences could be disastrous, as they would suffer from adverse selection and higher loss ratios.

Frederic Bruneteau, Managing Director, said: “Now that ultra low cost solutions are available, being smartphone apps, car-embedded or aftermarket devices, insurers have no excuse to procrastinate any more. Like Uber, telematics will radically transform the business model of auto insurance, from underwriting to claims management. The days of insurers relying on purely statistical models are numbered.”

The 2016 report leverages 286 interviews in 28 countries and the experience from over 35 consulting projects. It compiles 5 years of research performed by 6 consultants.

The full UBI study includes:

  • 42 case studies including Allianz, Allstate, Amaguiz, GM OnStar, Discovery Insure, Liberty Mutual, Octo Telematics, Progressive, Renault…
  • A handbook of 78 solutions and suppliers profiled, including telematics service providers, technology providers, Big Data analytics providers and connected car service providers
  • 28 national markets analysed, from Australia to Turkey
  • PTOLEMUS’ 2020 and 2030 market forecasts for 16 regions, split by lines, technology and segments

To download the free abstract, including interviews with Allstate, Generali and Octo Telematics, simply go to www.ptolemus.com/ubi

About PTOLEMUS Consulting Group

PTOLEMUS is the first strategy consulting firm entirely focused on connected vehicle services and the Internet of Things. It assists leading insurers, carmakers and service providers in defining and executing their strategies and the end-to-end development of their telematics programmes.

Contacts

For press relation and more information about the study:
PTOLEMUS
Thomas Hallauer, Research Director
thomas@ptolemus.com

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