Telematics

More auto insurance customers are ready to try telematics, giving insurance agents an opportunity to grow their business and enhance relationships, according to a new report from insurer Nationwide.

Metromile will combine with a special purpose acquisition company, or SPAC, called Insu Acquisition Corp II.

The telematics insurtech is launching during COVID, but that doesn't deter chief underwriting officer's enthusiasm for its potential.

The carrier has made aggressive moves to partner and enroll more customers in usage-based insurance.

The Columbus, Ohio-based company sold 24.2 million shares, together with investors selling 2.6 million shares of their own, at $27 each.

Consumer adoption is steady but still modest, Novarica finds.

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Those who choose to sign on get full access to Metromile's suite of products.

The Federal Highway Administration recently published success stories, one of which included the use of telematics technology in action.