Root thinks UBI can wean auto insurers off credit scores - LeadCloud News
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Root thinks UBI can wean auto insurers off credit scores
14 August 2020

Root thinks UBI can wean auto insurers off credit scores

Root, a usage-based insurance carrier and one of the few Insurtechs with a valuation over $1 billion, has drawn a line in the sand. The company has taken a stance against the credit-based insurance score, calling it biased.

Root believes that as more drivers get comfortable with using their actual driving data to inform their insurance rates, the industry can wean itself off using credit scoring, which tends to negatively impact “under-resourced communities, immigrants, and those struggling to pay large medical expenses,” the company says.

Learn more here - https://www.dig-in.com/news/root-insurance-thinks-ubi-can-wean-auto-insurers-off-credit-scores?position=editorial_1&campaignname=DIG_Daily_MorningBriefing-08112020&utm_source=newsletter&utm_medium=email&utm_campaign=DIG_Daily_MorningBriefing%2B%27-%27%2B08112020&bt_ee=qArUDkJsSxKUUmFgJl1irSOEIJXDe69qOPeujxF%2BMuqn0rX0x5fU%2Bo9wNOy%2BJ1vb&bt_ts=1597139494388

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