EARLY 90 ’ S
The first insurer recognises telematics potential
Progressive Insurance was the earliest pioneer in the UBI movement . They recognised the value of telematics technology and patented a usage-based product in the mid-1990s
EARLY 2000 ’ S
First UBI insurance is launched
Progressive Insurance Company and General Motors Assurance Company ( GMAC ) began to offer mileagelinked discounts through combined GPS technology and cellular systems that tracked miles driven . These discounts were ( and still are ) often combined with additional benefits like roadside assistance and vehicle theft recovery
THE FUTURE
Automation , AI and Big Data
We predict that the majority of auto insurance policies will be usagebased in the not too distant future . This movement is being driven by increasingly automated systems and the introduction of driverless vehicles
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