Driveway Software and Pinnacle Actuarial Resources have teamed up to offer a coordinated usage-based insurance product that includes driver behavior scoring. Auto insurers now can buy Driveway’s technology backed by Pinnacle’s rating, actuarial and regulatory guidance and can choose technology, consulting and scoring individually, or as a coordinated package.
“Insurers know they need to break into usage-based insurance but some are unsure about the best way to approach filings, rating and product management,” says Igor Katsman, CTO of Driveway Software. “Now, with our technology and Pinnacle’s guidance, insurers can control their exposures and launch a UBI program that will deliver a more accurate price to the consumer with a better loss result for the carrier. Best of all, they can hit the ground running because Pinnacle already knows how to work with our technology and data.”
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