Driving change with driving data

“I was impressed how the score was designed to explain additional “lift” over traditional rating variables.  This is an important distinction from other scores which are not all calibrated using insurance loss costs and are not specifically designed to work in conjunction with traditional rating plans.”

A new startup called Ormi…is doubling down on helping insurers build out a new model based on driver behavior, not car ownership or traditional demographic factors like gender, zip code, or vehicle model.