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Usage‑Based Insurance As an Instrument of Restoring Equilibrium on Motor Insurance Market in Poland
Acta Universitatis Lodziensis. Folia Oeconomica, 2018 The paper shows that thanks to the Usage‑Based Insurance, the industry can minimise the negative effect information asymmetry has on the Polish motor insurance market.
Łukasz Kuryłowicz
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Understanding Usability and User Acceptance of Usage-Based Insurance from Users' View [PDF]
Machine Learning for Multimodal Interaction, 2019 Intelligent Transportation Systems (ITS) cover a variety of services related to topics such as traffic control and safe driving, among others. In the context of car insurance, a recent application for ITS is known as Usage-Based Insurance (UBI).
Juan Quintero, Z. Benenson
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Exposure as Duration and Distance in Telematics Motor Insurance Using Generalized Additive Models
Risks, 2017 In Pay-As-You-Drive (PAYD) automobile insurance, the premium is fixed based on the distance traveled, while in usage-based insurance (UBI) the driving patterns of the policyholder are also considered. In those schemes, drivers who drive more pay a higher
Jean-Philippe Boucher +2 more
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Acceptance Factors of Car Insurance Innovations: The Case of Usage-Based Insurance
, 2020 Usage-Based Insurance (UBI) is an application of Intelligent Transportation Systems (ITS) in the context of car insurance. UBI refers to insurance models in which insurers collect driving data using a telematics device. Based on the collected information,
Juan Quintero +2 more
semanticscholar +1 more source
Risks, 2016 Pay-as-you-drive (PAYD), or usage-based automobile insurance (UBI), is a policy agreement tied to vehicle usage. In this paper we analyze the effect of the distance traveled on the risk of accidents among young drivers with a PAYD policy.
Mercedes Ayuso +2 more
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Accident Analysis and PreventionMany motor vehicle crashes are due to risky driving behaviors measurable by smartphone telematics applications. These apps are deployed by usage-based insurance (UBI) programs to estimate crash risk and price policies, incentivizing customers to drive ...
Jeffrey P. Ebert +13 more
semanticscholar +1 more source
RisksUsage-Based Insurance (UBI), also referred to as telematics-based insurance, has been experiencing a growing global diffusion. In addition to being well established in countries such as Italy, the United States, and the United Kingdom, UBI adoption is ...
Paola Fersini +2 more
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Studying Driving Risk Factors using Multi-Source Mobile Computing Data
International Journal of Transportation Science and Technology, 2015 Traffic congestion can largely be attributed to the issues related with driving behavior, which may cause vehicle crash, stop-and-go traffic due to frequent lane changing behaviors, etc., and makes the driving behavior research also of significance in ...
Xianbiao Hu +3 more
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Relational Contracts in Usage-Based Insurance
Social Science Research NetworkIn light of the burgeoning usage-based insurance (UBI) market, we study relational contracts with moral hazard in a competitive insurance market. The insurer can use an objective and a subjective signal about the insured’s behavior as explicit and ...
Jiajia Cong, Zhuoran Lu
semanticscholar +1 more source
The American Journal of Engineering and TechnologyUsage-Based Insurance (UBI) is revolutionizing how insurers calculate premiums based on observed driving habits, with telematics and connected vehicles providing growing potential for more responsive and fairer insurance.
Rachit Jain
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