Driveway Software, a provider of smartphone-based telematics solutions for the usage-based insurance market, announces the introduction of its SmartUBI Platform, an insurance telematics platform that includes a smartphone usage-based insurance (UBI) application and cloud based analytics and portals.
Driveway's platform offers carriers looking to enter the UBI market a quick deployment solution, putting telematics within reach of any size carrier to take advantage of this market segment.
Driveway Software makes entry to the UBI market by leveraging the insured's own smartphone to monitor driving behavior and capture data. With the insured's driving data and preliminary analytics in hand, combined with SmartUBI's cloud-based analytics capabilities, carriers are able to determine individual driver risk scores to help make risk and premium decisions.
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