The British Insurance Brokers’ Association (BIBA) conducts annual research into the number of telematics policies live in the UK and in 2017 the number of live telematics based policies reached almost one million; standing at 975,000.1
The BIBA survey includes information from the leading telematics brands in the UK to determine the number of live policies which, shows an increase of nearly 30% on the 2016 figure.
Ease of access and use of devices is key to encouraging telematics based insurance and BIBA’s 2017 research also highlights the changing nature of technology. While ‘black box’ devices account for the majority of telematics based policies (almost 90%), BIBA’s data now captures the use of apps and onboard diagnostics (OBD). These devices now make up 10% of telematics policies; their use will be tracked going forward.
Source: BIBA
