Usage-based insurance

New company will offer Spanish-language telematics programs.

Both interested parties and actively using parties have increased in volume.

Newly combined company boasts more than 20 clients among the top 25 U.S. insurance companies.

Partnership allows connected-car owners to get Root usage-based insurance by using their car's data.

The insurer says the new offering will be distinct from its current SafePilot product.

The Consumer Federation of America advises insurers to take certain steps to ensure policyholders who opt for usage-based insurance are protected.

Nearly one year after the onset of the pandemic, not only has interest remain elevated, but adoption has increased two-fold.

Also: New data hire at Amerilife, European expansion at Insurify.

While the majority came from new customers, some existing clients switched as they cut back on driving, said Glenn Shapiro.

The FairMile program couples an on-board device with a mobile app.

General Motors, Ford, and Honda are already members of the exchange, which connects multiple automakers and other data partners with insurers.

MilesMyWay was in development pre-pandemic, but was prioritized as the carrier saw habits change.

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.

Drivers of Ford and Lincoln connected vehicles will be able to opt in to letting Arity score their driving data for UBI purposes.

Claims costs went up despite fewer miles driven, and other surprising results.

Also: news from insurtechs Buckle, Foxquilt, Smartcar, True Mileage

The benefit goes beyond compliance: It allows an organization to demonstrate that they are prioritizing the consumer's privacy expectations.

The appeal of telematics to insurers lies in its potential to improve loss ratios through active engagement with policyholders.

Auto insurance company brands new telematics program for commercial under personal lines program umbrella.

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.