Towers Watson warns insurers over 'pay as you drive' telematics products
A survey of European drivers has revealed that 50% of UK drivers would be interested in taking out a telematics policy.
According to Telematics: what European consumers say, published by Towers Watson, this figure would rise to 57% if there was a guarantee that the premium would not increase.
However, Towers Watson cautioned that “insurers will be limiting their market by focusing on ‘pay as you drive’ type products”, on the basis that consumers who drive more frequently are more interested in telematics.
UK drivers using motorways “very frequently” are most open to using telematics products, with 68% indicating
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace