13 Nov, 2024
4 mins read

Usage-based Insurance Market to Reach US$ 200 Bn by 2027

Usage-based insurance refers to a type of auto insurance, which utilizes the in-vehicle communication systems to keep a track of driving behavior and mileage. Use of telematics systems gives precise and accurate feedback of the driving patterns and safety practices of the driver. Telematics refers to a method of vehicle monitoring, which combines on-board diagnostics […]