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Among the startups launching new products at this year's Insuretech Connect was portfolio company Embroker, which announced a new usage-based insurance platform for commercial auto. The offering will provide businesses with accurate pricing for fleets while teaching drivers better habits on the road.
According to the company, the program is underwritten in partnership with Willis Towers Watson’s DriveAbility Marketplace, an insurance telematics data exchange for insurers and IoT providers. “For customers, the value proposition is clear - policies are easier to understand, pricing correlates with the actual need, and we can reward good drivers,” Embroker wrote in a blog post. For insurers, it helps them easily identify safety-conscious customers, provides a step-change improvement to pricing accuracy, and offers next-level, data-driven analytics to help process claims.”
https://www.dig-in.com/news/ridesharing-digital-payments-tackled-by-insurtechs
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