Three Key Questions This Report Will Answer:
WHAT'S IN THIS REPORT? In this report, Insider Intelligence will evaluate the growth opportunities within UBI, outline the model's benefits, and highlight key players in the space. We profile three incumbents and one insurtech within the UBI space and detail information about their onboarding process, IoT devices, data collection, and pricing. Additionally, we spotlight some of the key considerations in relation to each offering, as well as the impact of the pandemic on the insurers' operations. Our outreach process involved exclusive interviews across three providers in July 2020, while Progressive's Snapshot profile is based on desk research due to interviewee unavailability. Additionally, we discuss why more incumbents should move into the UBI space and define key features they should offer to get a competitive advantage.
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