Auto carriers seek to improve usage-based insurance

02/20/2013 | Wall Street Journal, The

Auto insurers are enhancing usage-based insurance programs to lure more customers and overcome privacy concerns. Some carriers are looking to further harness Big Data in developing models to determine drivers' premiums. "The more data they have on drivers, the more they can improve their formulas to improve risk selection," said Kimberly Harris-Ferrante, an analyst at Gartner.

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Wall Street Journal, The

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