Auto insurance customers with good driving behavior have always been
enthused with the idea of basing premiums on exactly “how much you drive” and
“how you drive” your vehicle, for accurate policy customization allows big
savings based on their low-risk probability.
Xemplar not only collects UBI-mandated (usage-based insurance) data
for insurers, but also provides useful and powerful features for the driver.
Since UBI programs require insurers to capture, score and report the
policyholder’s driving behavior in real-time, Xemplar comes to their rescue by
allowing them to collect information about how their customers actually behave
behind the wheel.
Let’s have a detailed look at the Usage-Based Insurance (UBI) that
auto insurers have closely aligned driving behaviors with insurance premium/rates
calculation.
