Europe to Lead Insurance Telematics Market, with More Than 44 Million Subscribers by 2017, Says ABI Research
LONDON–(BUSINESS WIRE)–The number of insurance telematics users in Europe will grow from 1.5 million in 2010 to 44 million in 2017, initially driven by the UK and Italy. Despite aggressive efforts from Progressive, North America will continue to lag behind the European UBI market. Vice president and practice director Dominique Bonte comments, “While insurance telematics or usage based insurance…