Towers Watson, a global professional services company, andHughes Telematics, Inc.(HTI), a Verizon company providing connectedsolutions, announce they have formed a strategic alliance toprovide personal line U.S. auto insurers with comprehensive dataservices for usage-based insurance (UBI) programs.
With the alliance, Towers Watson's DriveAbilityservice offeringwill be powered by HTI's In-Drive solution. DriveAbility helpsinsurers convert driving data into industry-applicable metrics,which enables the development of new insurance products andservices for consumers.
HTI will utilize its automotive telematics platform to offerenhanced data services and provide the connectivity for additionaltelematics features. Through the alliance, DriveAbility provides away for insurers to go to market with a UBI product.
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