The Shift Towards Usage-Based Insurance: Revolutionizing the Insurance Industry

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Introduction to Usage-Based Insurance Usage-based insurance (UBI) represents a transformative approach within the insurance sector, fundamentally differing from traditional models that rely on fixed premiums based on general demographics. At its core, UBI tailors insurance premiums to the real-time behaviors and usage patterns of individual policyholders. This methodology recognizes that individuals who drive less, display … Read more