Partnership helps empower 6M+ vehicle owners with greater control over what they pay for auto insurance.
Arity, a mobility and data analytics company, is teaming up with Connected Analytic Services, LLC (CAS), a Toyota affiliate, to provide driving data from connected vehicles to auto insurance carriers on behalf of vehicle owners to enable them to access usage-based auto insurance (UBI) products.
The partnership with CAS brings connected-car data from Toyota and Lexus vehicles to the Arity platform. Arity’s platform offers insurance carriers unsurpassed data insights for better pricing segmentation, giving them the tools to improve profitability, growth, and retention. CAS’s platform currently provides direct access to national carriers seeking to leverage vehicle telematics data. The collaboration with Arity will expand this access with additional carriers.
Toyota and Lexus connected-car drivers who opt-in to share their data with insurers gain greater personalization, transparency, and control on what they pay for auto insurance. CAS’ partnership with Arity will allow these drivers to use their data across even more insurers throughout the country.
“Our vision is to provide consumers as much value from their vehicle and driving data as possible, including greater choice and control over what they pay for auto insurance,” said Joe Guerin, General Manager of Connected Analytic Services. “Working with Arity and their solutions, we can expand our ability to assist insurance carriers in meeting the needs of drivers.”
“Working with CAS serves as a great step forward in our vision to connect with every driver so we can offer carriers our most predictive measure of driver risk yet,” said Gary Hallgren, president of Arity. “Our unique ability to identify and quantify risky driving behavior – coupled with the largest U.S. data set for actual driving risk – gives carriers an unparalleled competitive advantage, while giving consumers the transparency and control they deserve and desire.”
Both CAS and Arity are committed to promoting safer driving while ensuring data integrity and customer privacy are top priorities. Ultimately, this includes sharing this opted-in data with insurers, bringing more personalized experiences for the consumer through the entire customer lifecycle, from prospecting to loyalty and everything in between.
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