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Well run and fascinating article for those interested in some of what hte auto insurance startups are doing:
Are Startup Auto Insurers Chasing Ghosts?
by Grant Reichert
There has been a noticeable buzz around some startup auto insurers that are leveraging big data and AI to more accurately price risk in the personal auto market. They contend that minority groups are disparately impacted by traditional rating metrics and believe big data and AI can more accurately reflect an individual’s risk profile. Additionally, these startups claim that sharing pertinent risk data with their customers will help reduce claims and save costs.
Read the rest of the article here.
Are Startup Auto Insurers Chasing Ghosts?
by Grant Reichert
There has been a noticeable buzz around some startup auto insurers that are leveraging big data and AI to more accurately price risk in the personal auto market. They contend that minority groups are disparately impacted by traditional rating metrics and believe big data and AI can more accurately reflect an individual’s risk profile. Additionally, these startups claim that sharing pertinent risk data with their customers will help reduce claims and save costs.
Read the rest of the article here.
