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Monthly Archives: January 2018

Usage-based insurance could encourage better driving behaviour

Researchers at the University of British Columbia (UBC) recently conducted a study on usage-based auto insurance and found that the use of telematics to monitor driver behaviour and to help adjust rates could lead to better drivers overall.

The study, which looked at data from 30,000 drivers, suggested that usage-based insurance (UBI) is expected to be used by 142 million by 2023.

“What we found is that women, compared to men, seem to improve their behaviour more, and younger people, compared to older people, also tend to improve their behaviour more,” said Charles Weinberg, UBC marketing professor.

Usage-based insurance allows drivers to receive immediate feedback on their driving behaviour, giving them opportunities to adjust their driving accordingly.

Source: http://www.insurancebusinessmag.com/ca/news/auto/usagebased-insurance-could-encourage-better-driving-behavior-study-72625.aspx

Truck-related fatalities are on the decline

Although collisions related to trucks in Ontario have increased recently, resulting in higher costs for insurance companies, provincial figures show that fatalities have actually decreased.

The latest data from Ontario’s Transportation Ministry found that the number of truck-related fatalities on provincial highways is falling – down 3% between 2010 and 2014. This is despite the fact that the number of trucks on the road climbed by 12% over the same period.

The Ontario Trucking Association (OTA) hopes to address both mechanical issues and driver error to further reduce collision casualties. The OTA has proposed that the provincial government makes electronic trucker driving logs mandatory to help improve the roads.

Source: http://www.insurancebusinessmag.com/ca/news/auto/despite-rash-of-collisions-truckrelated-fatalities-in-ontario-are-decreasing-74870.aspx