25 January 2018Insurance

Allstate start-up launches ‘distracted driver’ pricing technology

Arity, a Chicago-based data start-up by insurer Allstate, has launched a new technology designed to help insurers price individual motor policies partly based on how distracted they are by mobile technology while driving.

The technology works by analyzing drivers’ on-the-road mobile phone usage and corresponding claims data to generate an insight into how distracted driving increases risk of accidents on the road.

It incorporates specific claims information to reveal which distracted driving actions lead to which accident claims, allowing insurers to better understand the risks and price smarter.

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More on this story

15 January 2018   US-based Allstate Insurance Company is seeking to hire 600 executives to fill positions throughout its US Northwest region, including Washington, Oregon, Idaho, Alaska and Hawaii.
4 January 2018   US personal lines insurer Allstate has made three senior leadership promotions ahead of its president Matt Winter retiring in late February after eight years at the company and a 25-year career in insurance.