Peer-to-Peer In­surer Launches

Digital Insurance - - CONTENTS -

And other news from the in­dus­try

Two in­sur­ers are pi­lot­ing us­age-based in­sur­ance with Cam­bridge Mo­bile Telematics’ tech­nol­ogy.

Elec­tric In­sur­ance has part­nered with Cam­bridge on the “Great Driver” smart­phone app. The app is cur­rently only avail­abile in Ohio. It an­a­lyzes users’ driv­ing skills and en­vi­ron­ment and pro­vides ac­tion­able, in­di­vid­u­al­ized feed­back to help im­prove driv­ing habits and safety. Driv­ers are as­signed a score that can po­ten­tially pro­vide a dis­count based on in­di­vid­ual skills and risk lev­els.

“Our cus­tomers ex­pect us to keep pace with tech­nol­ogy and pro­vide a great over­all value,” said Doug Sey­mour, pres­i­dent and CEO of Elec­tric In­sur­ance. “Great Driver is an in­no­va­tive way for cus­tomers to get feed­back on their driv­ing habits, drive more safely and in­flu­ence the cost of their in­sur­ance pre­mi­ums.”

Aloi Nis­say Dowa In­sur­ance, a Ja­panese in­surer, also is launch­ing a us­age-based in­sur­ance pro­gram. That com­pany has se­lected Cam­bridge’s DriveWell soft­ware to power the ini­tia­tive. The com­pa­nies worked to­gether in the past on a pi­lot of the ven­dor’s Vis­ual Drive ver­sion of the soft­ware, which was de­ployed across Aloi Nis­say’s com­pany ve­hi­cles.

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