Biba predicts telematics sales to hit 500,000 in two years
Research from the British Insurance Brokers’ Association (Biba) has revealed that ‘black box’ motor insurance sales have increased five-fold in the last two years.
According to the broker trade body the sales of telematic-based car insurance cover will hit 500,000 in the next two years.
Biba highlighted that female drivers were likely to see an increase in motor premiums later this year due to the European gender rating ban and may benefit in particular from reduced premiums from telematics.
The research conducted by Biba in July 2012 revealed that in 2009 there were 12,000 live telematics policies with the main providers being Coverbox and ikube. This
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