Latin American Agents Association

Surging Interest in Pay As/How You Drive

The success of pay-as-you-drive programs is a given; today, however, using telematics and location intelligence tools, insurers are renewing efforts to help deliver a positive customer experience by rewarding drivers for how they drive. The number of global insurance telematics users will grow at a CAGR of 90 percent from 1.85 million in 2010 to 89 million in 2017, according to ABI Research, a firm that provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies in North America, Europe and Asia.

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