Usage-Based Insurance: the concept and study of available analyses
Usage-Based Insurance: the concept and study of available analyses

Summary/Abstract: Although insurance telematics may be a source of competitive advantage, the Usage-Based Insurance (UBI) is still an insufficiently explored area, especially in the context of the Polish insurance market. Accordingly, the main purpose of this paper is to facilitate a better understanding of the topic through a review and summary of selected literature and research achievements, which may prove useful in a discussion about domestic UBI.The paper presents both the historical perspective of UBI development and a summary of the re- search carried out over the last decade. It discusses the advancement of UBI tariffs and the successful modification of the applicable pricing schemes as well as points to issues that may hinder the market launch of Usage-Based Insurance. Finally, it attempts to present a structured view of definitions of vari- ous terms associated with telematics-based insurance.

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