Digital Insurance's Year in Review week continues with a look at telematics and usage-based insurance newsmakers from 2021. The pandemic changed consumers' relationship to their cars and driving. Will it be enough to spur a revolution in pricing in 2022?
The insurer says the new offering will be distinct from its current SafePilot product.
New company will offer Spanish-language telematics programs.
New customers are signing up for the carrier's SafePilot UBI program at a 50% clip, and leadership says more focus on the currently-serving customer segment is in the future.
Partnership allows connected-car owners to get Root usage-based insurance by using their car's data.
MilesMyWay was in development pre-pandemic, but was prioritized as the carrier saw habits change.
Drivers of Ford and Lincoln connected vehicles will be able to opt in to letting Arity score their driving data for UBI purposes.
The acquisition is a win for Lemonade’s recently launched car insurance product. Metromile has a decade of driving data based on its usage-based model and it operates licenses in 49 states, all of which will be merged into a single company, if the deal goes through.
Newly combined company boasts more than 20 clients among the top 25 U.S. insurance companies.
