Verisk Telematics Data Integration with Honda Now Live, Providing New Opportunities for Usage-Based Insurance Innovation - LeadCloud News
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Verisk Telematics Data Integration with Honda Now Live, Providing New Opportunities for Usage-Based Insurance Innovation
13 August 2020

Verisk Telematics Data Integration with Honda Now Live, Providing New Opportunities for Usage-Based Insurance Innovation

With consumer consent, insurers can access Honda and Acura driving behavior data during the quoting process through Verisk’s point of sale telematics products: The Verisk Driving Score™ and Verisk Driving Data™. Both allow insurers to use historical driving behaviors to apply UBI discounts immediately. The Verisk Driving Score™ – a proprietary loss model built using driving behaviors – is filed and available for use in 43 states and allows insurers to rapidly enter the UBI market. Verisk Driving Data™ targets insurers with their own UBI scoring algorithms, and provides normalized, cross-OEM driving data that can be customized to meet the insurer’s specifications. Both options allow insurers to improve the UBI purchase experience by eliminating the need for a monitoring period and offering behavior-based discounts instantaneously.

Learn more here - https://apnews.com/85e40b5f2e5a48dffd0ce4adc355629f

 

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