DOI: 10.5937/jaes12-5884
This is an open access article distributed under the CC BY-NC-ND 4.0 terms and conditions.

Volume 12 article 290 pages: 165 - 169
The
purpose of insurance is to provide security for the clients and its partners,
by perfectly and responsibly understand, manage, monitor and carry the risk. As
a powerful motor of global industry, insurance also have a potential to
contribute enhancement of society, economy and governance, with strong positive
influence on the environment. Sustainable insurance is a strong commitment of
the insurance sector to recognize the sustainable values and determination to
integrate these values in their strategy. In the new way of looking to the
future, principals of insurance sector are in the best position to initiate and
to assist in resolving complex global challenges-climate change issues and
impoverishment of natural resources. In this paper will be discussed about the
auto Telematics Usage Based Insurance products. These products are promoted by
the insurance sector in accordance with natural progress of society and legal
framework, evolution of technology and changes in demands. They can be
classified as perspective solutions for sustainable insurance, because they
directly affect environmental, safety, energy and resources saving, and overall
social improvement issues.
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