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<\/div>\nWelcome to The<\/span> Exchange, a weekly startups-and-markets newsletter. It\u2019s inspired by the daily + column where it gets its name. Want it in your inbox every Saturday? Sign up here.<\/em><\/p>\n Having talked to <\/i>many insurtech investors<\/i> lately, I found myself thinking about usage-based insurance (UBI, which in this case doesn\u2019t refer to universal basic income). On a surface level, this approach makes a lot of sense: For instance, why should drivers pay the same premiums regardless of how many miles they drive? But differentiating users also raises all sorts of questions on what\u2019s fair, and where UBI is heading next. \u2014 <\/i>Anna<\/i><\/p>\n \u201cThere has been a lot of noise around UBI [\u2026] over the past few years. It was supposed to be the next big thing, but it hasn\u2019t really taken off yet,\u201d New Alpha Asset Management associate Clarisse Lam told .<\/p>\n AV8 VC\u2018s partner Amir Kabir concurred with Lam, noting struggles among startups and legacy insurance providers alike: \u201cEarly startups operating the UBI space had a hard time creating meaningful moat,\u201d he said. Meanwhile, he added, \u201cincumbents have been operating in the UBI space for decades and have yet to see major adoption.\u201d<\/p>\n Coincidentally, or perhaps not, one of the insurtechs that was most badly hit by the stock market sell-off was Metromile, which went public in 2021 and saw its valuation decline over 85% before getting acquired by fellow former startup Lemonade. Metromile\u2019s focus was pay-per-mile car insurance, a self-explanatory concept in which drivers get charged less if they drive less.<\/p>\n","protected":false},"excerpt":{"rendered":" Welcome to The Exchange, a weekly startups-and-markets newsletter. It\u2019s inspired by the daily + column where it gets its name. Want it in your inbox every Saturday? Sign up here. Having talked to many insurtech investors lately, I found myself thinking about usage-based insurance (UBI, which in this case doesn\u2019t refer to universal basic income). […]<\/p>\n","protected":false},"author":1,"featured_media":1176938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1225429","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrity-gossip"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1225429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1225429"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1225429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1225429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1225429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1225429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Stop paying for others?<\/h2>\n