Connected cars

The move is intended to bolster the insurer's connected car and mobile technology capabilities.

Insurtech will supply trip-based insurance for lost property and medical expenses to customers using Waymo's new ride-hailing service launching in 2018.

The usage-based insurance startup believes that driving frequency is a crucial data point for carriers.

One of her first projects was to develop a Drivewise mobile application that the company could use to collect driving data, rather than depending on customers installing devices.

The tech firn doubles down on attempts to back early-stage companies that are building software around AI, blockchain and computer vision.

Insurer plans to leverage large swath of data to re-evaluate risk as autos modernize.

The new offering supports the insurer's end-goal of bundling all its tech products into a broadly integrated service.

Modus, founded in 2002, tracks driver performance for carriers and fleet managers to conjure up better risk profiles.

Otonomo collects hundreds of data points from cars and packages them to inform insurers' UBI programs.

Though there's less of an onus on insurers to collect driving data for UBI programs themselves, the new ecosystem has other downstream effects, say experts.