Insurance on the Edge - Harnessing Vehicle Telematics Data

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  • Most aware of Progressive (78%) Allstate (8%) and State Farm (6%)
  • Most aware of Progressive (78%) Allstate (8%) and State Farm (6%)
  • Most aware of Progressive (78%) Allstate (8%) and State Farm (6%)
  • Insurance on the Edge - Harnessing Vehicle Telematics Data

    1. 1. Consumer awareness of UBI has increased, but still a relatively new concept Source: LexisNexis 2013 Consumer Research Results Base: Total Respondents: n = 2,072. Base: Aware of UBI programs: n = 750 1 in every 3 consumers are aware of UBI Awareness more than tripled since 2010
    2. 2. Age is a factor in openness toward telematics Source: Deloitte Center for Financial Services, Jan 2014 Survey. Graphic: Deloitte University Press Base: Total Respondents: n = 2,193 Allowing driving behavior to be tracked based on discount potential
    3. 3. Consumer receptivity to rating determinants: leans toward traditional variables Source: LexisNexis 2013 Consumer Research Results Base: Total Respondents: n = 2,072. %5,6,7 on a 7-pt Use Intent Scale Bold denotes data that could be collectible under a UBI program more Factor should be used for determining rates less

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