San Francisco, Calif. — Low-mileage drivers now have a new way to reduce the amount they spend on their auto premiums—one that fully protects their privacy. Real Insurance (Australia) and San Francisco-based Exigen Insurance Solutions Inc. announced the successful launch of a trust-based pay-as-you-drive (PAYD) auto insurance product that eliminates the privacy concerns and lowers the technology barriers impeding the introduction of PAYD in world auto insurance markets.
Real Insurance, a part of the Hollard Group of companies, is now offering Australian motorists a usage-based insurance product that allows them to pay only for the kilometers they plan to travel. Exigen Insurance Solutions, which specializes in implementing new business initiatives and products for insurance, served as both a business partner and a technology partner to Real Insurance.
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