The agreement gives Verisk license to supply connected car data to insurers in the UK, France, Germany, Italy and SpainLONDON, U.K., March 08, 2022 (GLOBE NEWSWIRE) Verisk (Nasdaq:VRSK), a leading global
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So the safer you drive, the more affordable your insurance could end becoming. But for the whole system to work properly, the insurer needs access to data regarding your driving habits, and such information must be collected in one way or another.
Hyundai, for example, has recently teamed up with Verisk Data Exchange for a new implementation that would be powered by Blue Link and which would provide insurers with the data they need to determine the rate for a specific driver.
Available in the United States at select insurers, the program is totally optional, so drivers themselves are allowed to choose whether they want the data to collect information on their driving habits or not.
Verisk s UBI exchange keeps growing with Hyundai dig-in.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dig-in.com Daily Mail and Mail on Sunday newspapers.
Hyundai Blue Link Connects Owners and Insurance
Hyundai Blue Link, a connected-car service first offered in 2018, can now be used to save on auto insurance. Hyundai’s usage-based insurance (UBI) program and Driving Score promotes safe, efficient driving habits. Through Verisk, a global data analytic firm, Hyundai drivers can opt-in to share their driving quirks. Receiving substantially lower insurance rates is the hope of most drivers.
Posted on MyHyundai.com, your UBI and driving scores will be live on the site.
âAs demand for more transparent auto insurance pricing grows, usage-based insurance is a way for Hyundai drivers to have greater control over insurance costs,â said Manish Mehrotra, executive director, Digital Business Planning and Connected Operations, Hyundai Motor North America.