Usage-based insurance

Company capitalizes on new connected-device requirements for truckers to roll out program.

The technology is a great case study in how the modern industry is leveraging technology.

Discover the U.S. cities that are becoming clusters of innovation for the industry.

Existing backers Index Ventures and New Enterprise Associates also participated in the funding.

The ONE Coach platform will use sensor data to identify opportunities for risk-management products tailored to the customer.

The insurer gets access to data from participating auto manufacturers, including Mitsubishi.

Take a look at carriers and insurtechs pushing the envelope on what's possible in usage-based insurance.

In addition, the insurtech, which is looking to establish itself countrywide, is moving into a new 65,000-square-foot facility and recently secured $51 million in additional funding.

Telematics technology from Octo Telematics will power the MyPace program, which launches in July.

Carriers must compete on insights from consumer information, not just the convenience of digital-app services.