Ubi

How universal basic income's impact on people's finances could transform the nation's health

Retrieved on: 
Monday, June 12, 2023

This micropilot will produce new UK data on the impact of the basic income in these communities, particularly the stories and experiences of the people that participate.

Key Points: 
  • This micropilot will produce new UK data on the impact of the basic income in these communities, particularly the stories and experiences of the people that participate.
  • This will help show if there is a case for a national basic income, or at least more comprehensive UK trials.
  • Universal basic income (UBI) is a radical but, we believe, feasible alternative to the existing, failing welfare system.
  • It could reduce poverty to unprecedented levels, address inequality within and between regions, and massively improve the nation’s health.

A radical approach

    • One of the best ways to do this is to eradicate poverty and reduce inequality.
    • The idea of the state redistributing resources by providing an adequate, regular and predictable payment to citizens is radical.
    • One of the key, and often overlooked, consequences of this is its potential contribution to public health.
    • And third, by giving people a more predictable and secure future, it would increase their perception of their lifespan.

This generation’s equivalent of the NHS

    • Three decades after its implementation, the Labour government sought to understand why health inequality persisted.
    • Future generations may look back at recent discussions about UBIs with the same confusion we feel when thinking of opposition to the NHS in the 1940s.
    • Basic income is one such solution that could be as popular and transformative as the NHS.

Ubicquia Secures $25 Million Debt and Working Capital Facility to Accelerate Growth

Retrieved on: 
Thursday, September 23, 2021

Ubicquia, a global leader in smart city, connectivity and smart grid solutions that make cities smarter, safer and more connected announced today it has entered a new $25 million debt and working capital facility with Silicon Valley Bank (SVB).

Key Points: 
  • Ubicquia, a global leader in smart city, connectivity and smart grid solutions that make cities smarter, safer and more connected announced today it has entered a new $25 million debt and working capital facility with Silicon Valley Bank (SVB).
  • The facility will be used to accelerate growth, facilitate larger supply chain commitments and manage working capital requirements driven by increasing orders from OEM customers.
  • SVB has increased the facility more than four-fold to help address Ubicquias working capital needs of its growing city, utility, and Mobile Network Operator customer base across the U.S. and Latin America.
  • Ubicquia plans to broaden its scope worldwide, extending its offerings of smart city, connectivity, and smart grid platforms to Europe and Asia.

Earnix Announces Acquisition to Fuel Transformative New Usage-Based Auto Insurance Offering

Retrieved on: 
Thursday, July 22, 2021

The assets, including a state-of-the-art telematics app, will serve as a cornerstone in establishing a new and transformative offering in Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI).

Key Points: 
  • The assets, including a state-of-the-art telematics app, will serve as a cornerstone in establishing a new and transformative offering in Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI).
  • The central value proposition driven by this acquisition is Driveways proven consumer telematics app that will be integrated as a core component within Earnixs UBI/BBI offering.
  • The new offering represents an innovative and fresh approach that empowers auto insurers to more efficiently manage the entire lifecycle for personalized telematics-based UBI/BBI through a mobile-centric engagement.
  • Earnixs customers deliver over 1 billion quotes per year through Earnixs solutions, offering systemized, enterprise-wide value with ultra-fast ROI.

Connected Cars Become an Innovative Lead Generation Channel for Usage-Based Insurance Through New Verisk Program

Retrieved on: 
Tuesday, February 16, 2021

Jersey City, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Connected cars are becoming a powerful lead generation channel for usage-based insurance (UBI) with Discount Alert, a new program from Verisk (Nasdaq:VRSK).

Key Points: 
  • Jersey City, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Connected cars are becoming a powerful lead generation channel for usage-based insurance (UBI) with Discount Alert, a new program from Verisk (Nasdaq:VRSK).
  • Multiple top U.S. auto insurers are already using connected car telemetry from the Verisk Data Exchange for behavior-based auto insurance rating.
  • Insurers leverage historical, anonymized telemetry data from consenting drivers in the Verisk Data Exchange to identify target prospects through their own custom segmentation models.
  • Discount Alert then delivers personalized insurance offers to target prospects through automakers mobile apps and online auto owners portals.

Gerald Huff Fund For Humanity Launches Public Service Announcement Campaign to Help Educate Americans on Universal Basic Income

Retrieved on: 
Tuesday, January 26, 2021

The Gerald Huff Fund for Humanity , a non-profit organization dedicated to furthering the understanding, acceptance, and implementation of Universal Basic Income (UBI) programs to benefit all Americans today announced that it launched a public service announcement campaign.

Key Points: 
  • The Gerald Huff Fund for Humanity , a non-profit organization dedicated to furthering the understanding, acceptance, and implementation of Universal Basic Income (UBI) programs to benefit all Americans today announced that it launched a public service announcement campaign.
  • The public service announcement is also the subject of a Facebook targeted ad campaign and an ongoing Google ad campaign made available on a no-charge basis to non-profit organizations.
  • In partnership with Income Movement , the Fund for Humanity is also undertaking an aggressive social media campaign.
  • About The Gerald Huff Fund for Humanity:
    The Gerald Huff Fund for Humanity is a Section 501(c)3 non-profit organization that was created in 2019 to promulgate the vision of the late Gerald Huff, an ardent proponent of Universal Basic Income (UBI) as a transitional solution to the existential threat of technological unemployment.

Earnix Launches its Usage and Behavior-Based Insurance Offering

Retrieved on: 
Monday, December 14, 2020

Earnix , a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, announced the launch of its Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI) offering.

Key Points: 
  • Earnix , a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, announced the launch of its Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI) offering.
  • The pandemic has accelerated the surge in consumer demand for personalization in insurance, and specifically, for UBI and BBI.
  • This phenomenon will forever change how people and businesses consume insurance and will require all carriers to personalize in real-time the products and prices they offer, said Udi Ziv , CEO at Earnix.
  • Earnix has been innovating for insurers and banks since 2001 with offices in the Americas, Europe, Asia Pacific, and Israel.

Progressive® Introduces Usage-Based Insurance and Fleet Management Program for Business Owners

Retrieved on: 
Tuesday, December 8, 2020

MAYFIELD VILLAGE, Ohio, Dec. 8, 2020 /PRNewswire/ -- Progressive , the #1 commercial auto insurer and a leader in usage-based insurance (UBI), now offers Snapshot ProView, a voluntary UBI and fleet management program for small business owners.

Key Points: 
  • MAYFIELD VILLAGE, Ohio, Dec. 8, 2020 /PRNewswire/ -- Progressive , the #1 commercial auto insurer and a leader in usage-based insurance (UBI), now offers Snapshot ProView, a voluntary UBI and fleet management program for small business owners.
  • Customers who sign up for the program save a minimum of 5% on their Progressive Commercial Auto policy for their initial term.
  • This innovative program can help business owners manage their vehicles more efficiently.
  • "Snapshot ProView empowers business owners to potentially reduce their insurance costs by encouraging their employees to drive safely," said John Barbagallo, Progressive's Commercial Lines President.

EIS Introduces Usage-Based Insurance Solution that Unifies Personal and Commercial Car Use for Continuous Coverage

Retrieved on: 
Tuesday, December 1, 2020

The first iteration of the new offering is EIS UBI for Ridesharing, which bridges the traditional divide between personal and commercial lines and provides drivers with continuous coverage.

Key Points: 
  • The first iteration of the new offering is EIS UBI for Ridesharing, which bridges the traditional divide between personal and commercial lines and provides drivers with continuous coverage.
  • "EIS UBI enables insurers to innovate and deliver products for specific uses, take better advantage of telematics and deliver a great customer experience."
  • EIS UBI for Ridesharing enables insurers to provide continuous coverage with accurate rates and premium billing according to each phase of use, whether personal or commercial.
  • EIS UBI is the next generation of usage-based insurance capabilities available in EIS' PolicyCore policy administration platform.

Milliman launches AccuRate Fleet at InsureTech Connect 2020, introducing new telematics-based risk score for commercial auto insurers, MGAs, and start-ups

Retrieved on: 
Tuesday, October 20, 2020

"There's an opportunity here for those in the commercial auto space to use existing and widely accepted technology and optimize their risk pools quickly."

Key Points: 
  • "There's an opportunity here for those in the commercial auto space to use existing and widely accepted technology and optimize their risk pools quickly."
  • For more information, Milliman will be hosting a panel with Azuga on October 20 from 3:00pm 3:45pm ET at InsureTech Connect 2020.
  • Topics covered will include bringing new fleet products to market quickly and how to employ usage-based insurance (UBI) to improve fleet profitability.
  • The AccuRate Fleet score from Milliman further cements our leadership in delivering results both to the insured fleets and now the insurance carriers."

Income Movement & Geist Productions To Premiere ‘INHERENT GOOD’ Film Featuring Andrew Yang & Comedian Trae Crowder

Retrieved on: 
Thursday, September 3, 2020

INHERENT GOOD (Director, Steve Borst), a Geist Productions documentary that introduces the popular grassroots policy of Universal Basic Income (UBI) to Southern and Heartland Americans, announces its Global Premiere and Watch Party on September 15, 2020.

Key Points: 
  • INHERENT GOOD (Director, Steve Borst), a Geist Productions documentary that introduces the popular grassroots policy of Universal Basic Income (UBI) to Southern and Heartland Americans, announces its Global Premiere and Watch Party on September 15, 2020.
  • View the full release here: https://www.businesswire.com/news/home/20200903005784/en/
    Inherent Good featuring Comedian Trae Crowder & Andrew Yang (Graphic: Business Wire)
    2020 marks the start of a global, long-term movement for basic income that spans politics, social justice movements, popular culture and more, announces Stacey Rutland, Founder of Income Movement.
  • We are excited to present the INHERENT GOOD film premiere during Basic Income Week and celebrate how far we have come.
  • The INHERENT GOOD premiere kicks off a 7-week Virtual Cinema & Panel Discussion Series, supported by the award-winning social impact agency, Picture Motion .