Putting your best product and price in market will make loyal customers stay loyal
It should also help new customers find you first when they look for innovation
Fresh Miles is the answer for mass market roll out of Usage based insurance
– smartphone based
– snap and record
– readings ready and on demand
Renewals can be accurately mile banded for rating
New business can come with verified usage data ready to go
Uses are available for small business lines as well
Don’t let bad historical data stop you from delivering value to consumers with much less rolling wheels distance exposure
QUOTE FROM A LONGTIME ACTUARY
…I agree it is not that the actual miles are not predictive (for pricing) but it is the lack of quality of the miles data we have…
Recent telematics initiatives built the miles curve the hard way, but the analytic applies to all valid and verified data now
QUOTE FROM A INDUSTRY EXECUTIVE
…when you sell it to (MY CARRIER) let me know. My 4.3 year old car has just hit 15K miles, so I’m your target market.
We work with a leading actuarial firm to monitor carriers in every state and will help you find shopping opportunities
Download the Fresh Miles Discussion Deck to learn more.
