There is little difference between foreign and domestic UBI auto insurance, because the domestic one imitates foreign ones. At present, UBI auto insurance can be realized in two ways: (1) install the vehicle-related data acquisition APP on the insured's mobile phone, and read the data by combining the satellite positioning system and the sensor equipment built into the mobile phone; (2) By installing vehicle-mounted OBD smart box or vehicle-mounted positioning terminal on the insured vehicle, data such as vehicle mileage, location information and driving behavior are collected, and the vehicle data are uploaded to the cloud platform for recording and analysis, so as to generate a unique data report for each vehicle and realize personalized premium.
At present, the number of family cars in China is 270 million, and this market is still very large. We have jointly launched UBI smart auto insurance with major auto insurance companies, so car owners can know the premium without driving for a day, and welcome the docking of auto insurance channels.