Usage-Based Insurance and Telematics

By Anthony Cappelletti · Society of Actuaries · 2025

A Society of Actuaries study note, revised May 2025, on usage-based insurance (UBI), a method of automobile insurance pricing in which an individual policyholder's premium depends on that policyholder's usage of the automobile. The note carries the formatting of the 2025 revision of an article first revised in October 2016, and covers the background to UBI, telematics, the issues UBI raises and the road ahead.

On the syllabus

Exam GI-201 — outcome 2d (the whole study note, May 2025)

1 Background

2 Telematics

3 Issues

4 The Road Ahead

Sources

Usage-Based Insurance and Telematics (Society of Actuaries Study Note, revised May 2025) — the document: title page (author, revision date and the note that only the formatting has changed from the October 2016 revision), contents page, bookmarks, and section 1 for the lead (17 pages, sha256 db60198cae953a70...)
GI 201 Syllabus, Nov 2026/Mar 2027 (SOA) — the citation and the learning outcome assigned