Usage-based insurance

Credit Karma worked with Zendrive to build driver scoring capabilities into its financial planning app, and Progressive will get the first referrals.

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.

Metromile says the coronavirus pandemic has increased customer interest in its product, with squeezed consumers looking for ways to reduce their costs.

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.

Progressive and others see opportunities to increase adoption as technology base grows.