Casualty Actuarial Society

Usage-based insurance is only expected to grow amid rising consumer interest and the increasing penetration of mobile telematics and connected-car technology into vehicles sold in the U.S. This presents insurers with an array of technological, operational, and regulatory challenges. Learn what to look for as this rapidly developing market evolves. By 2020, more than 90 percent of cars shipped and sold in the United States are expected to be connected to the internet. Millions are already on the road. The potential for direct measurement of location, exposure and driving behavior is now becoming reality. What challenges might this pose to actuaries and what are the potential benefits