Fleet Manager News And Tools

The Whole Life Cost Calculator - FleetPoint

Telematics insurance rockets by 61%

By Kyle Lindsay
Friday, January 24, 2014 - 14:00

Comments (0)

ROCKET: Big boost for telematics insurance

Telematics motor insurance sales have increased by 61% since June 2012, research from the British Insurance Brokers’ Association (BIBA) has shown.

BIBA claim the huge behaviour-based policy increase, of 116,000, demonstrates drivers taking advantage of savings of around 25%.

The technology works by recording journeys or driving behaviour so that premiums can be accurately applied to a driver’s exact risk profile.

Graeme Trudgill, Executive Director of BIBA, said: “The rise of the new app smart phone technology will see sales of behaviour-based products continue to increase.

“BIBA’s new research demonstrates how young drivers are embracing technology and more and more brokers are launching products to meet the demand.”

Related Stories


The comments are closed.