Blog: Is the insurance industry ready for usage-based pricing?
Mileage and car usage dropped significantly during the pandemic but insurers have faced a backlash after claims savings were not passed on to customers via reduced premiums. Callum Rimmer, founder of By Bits, asks why insurers aren't considering usage-based insurance as a real solution to this problem.
The motor insurance industry is reaching its moment of reckoning. It is being propelled forward by seismic changes in both vehicle usage and driver behaviours – something that has been exacerbated by
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