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Consumers in the US are growing more comfortable with usage-based insurance policies, according to a new study. According to the 2014 Â LexisNexis Insurance Telematics Study, insurance rate discounts are still the main driver for consumers, but other factors are starting to play a role in increasing acceptance levels.
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With most new cars set to feature some form of connectivity, there is a big opportunity in usage-based insurance (UBI), which is likely to grow sharply in coming years. Paul Stacy, automotive development director for LexisNexis Risk Solutions, explains why following a new deal in which Fiat Chrysler vehicles will connect to the LexisNexis telematics platform in Europe.
A squeeze on automotive suppliers, together with the adaptation of new technology, will lead some major players to play a bigger role in overall vehicle development cycles, especially in shaping customer user experiences
Should automotive manufacturers and the supply chain fear or embrace this surprise announcement from the consumer technology giant?
