Usage-based insurance

Among hires are usage-based insurtech's first chief insurance officer and head of communications.

SmartMiles expansion to its existing SmartRide usage-based insurance program targets low-mileage drivers.

Auto Club South Insurance Company taps The Floow to power smartphone-based telematics program.

Emerging ownership models require rethinking the insurance product, says Allstate subsidiary.

The luxury-car manufacturer says the program is ideal for its customer base, which tends to drive less than the average.

The company has partnered with several vendors to build an ecosystem that addresses claims proactively and quickly.

Cambridge Mobile Telematics will use the money to accelerate its DriveWell platform used by insurers and others to measure driving risk.

Both companies support usage-based insurance programs with their offerings.

Aite Group reports technology companies are trying to sell carriers on the value of incorporating driver feedback and monitoring in their UBI programs.

Claims applications for the technology are opening new opportunities beyond just usage-based insurance programs.