![]() ![]() ![]() Data is collected by the driver’s vehicle, analyzed by the insurer, and then used to determine how much of a discount the driver is eligible to receive. Usage-based insurance is a type of car insurance that bases the cost of a policy on how safe a driver’s habits are. , increase profitability, and create a better policy-holding personality experience through faster and better underwriting and claims processing.Īre you ready to learn more about how connected car data can be utilized in insurance companies? By accessing this valuable data at any time in a usable and actionable format, insures can attract more customers Insurers worldwide are engaging in building new capabilities for flexible, next-generation insurance products based on connected car datasets. The idea of connected-car is rapidly gaining momentum. By: Ruika Liu a RIG Inc Intern Researcher ![]()
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