Ingenie, an auto insurer targeting young drivers, has selected SAS Office Analytics to analyze large volumes of data on driving behaviors and patterns in an effort to improve customer pricing accuracy and insurance premiums.
Young drivers may lower their insurance premiums by installing an ingenie telematics device, which collects real-time data on driving behavior, including acceleration, speed, braking and cornering, the company said. Ingenie rewards safe drivers with low premiums, and reckless drivers pay higher premiums, which is intended to encourage young people to drive more safely.
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