Towers Watson has launched DriveAbility 2.0 Score, an analytical scoring model designed for application in the automobile insurance industry. This product offering includes a GPS version with location-specific factors in the risk model, as well as a non-GPS version.
DriveAbility 2.0 Score GPS uses telematics data in conjunction with the actual insured losses to develop and validate the structure and weights of the algorithm for converting policyholders' driving data into meaningful metrics. According to Towers Watson, the resulting vehicle operation score leads to demonstrable price segmentation for the auto insurance industry.
"The new scoring model enhances automobile insurers' knowledge about expected losses associated with insured vehicles," explains Robin Harbage, Towers Watson's global leader for its usage-based insurance (UBI) consulting practice. "The new offering also captures specific driver behaviors not previously available and adds predictive power to claims models."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
