CGI has joined forces with Baseline Telematics, a provider of usage-based insurance applications, to integrate Baseline's UBI platform with CGI's Ratabase rating engine.
Baseline Telematics' UBI platform is intended to help insurers bring usage-based products, such as pay-as-you-drive auto insurance programs, to market for their customers. A smartphone app or plug-in device offers real-time information including location, mileage, speed, sudden acceleration and braking to insurers, enabling them to rate and invoice insurance policies on a variable monthly basis, depending on usage and driving safety, Baseline Telematics said.
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