A Comprehensive Review of Driving Style Evaluation Approaches and Product Designs Applied to Vehicle Usage-Based Insurance

Vehicle insurance is a very important source of income for companies, and it closely related to the driving style performed by behavior. Different styles can better reflect risk than number violations, claims, other static statistic data. Subdivide vehicle market according personal characteristics habits insured vehicles, studying personalized products, will help companies improve their income, drivers change bad habits, thus realize healthy development industry. In past 20 30 years, more around world have launched usage-based (UBI) products based on analysis. However, up now, there are few comprehensive reports commercial UBI core assessment methods. On basis literature indexing Web Science academic platforms using keywords involved in UBI, over 100 relevant works were screened this paper, detailed discussion evaluation methods design during years has been made, hoping get full understanding possible factors affecting collectible data that these factors, grasp developing status, challenges future trends branch Internet Vehicles (IoV)