Insights on the Telematics Insurance Global Market to 2025 - Prevention of False Insurance Claims is Driving Growth
Share this article Share this article ResearchAndMarkets.com's offering. Telematics insurance is an insurance program based on current driving behavior as opposed to historic achievement and is sometimes called black box insurance. Telematics Insurance is designed to match engine drivers with customized performance premiums. Some insurers are implementing black-box practices in order to establish an insurance policy for car owners for pay as you drive (PAYD) or pay how you drive (PHYD). In most cases, insurers quote drivers a fixed premium based on the number of miles permitted per year in a ...
Source: prnewswire.com