Car insurers uk and Zubine are using sensors and automated risk reports to measure driver speeds and miles driven , then using that data to calculate risk . Safe drivers will be rewarded with reduced premiums . Data intensive analysis is increasing driver 's competitiveness in an evolving vehicle rental market place . Cars must be insured by law . However , they are stationary for 95 % of their lifetime , meaning the spare capacity is vast . The firms allow for changing trends in the use of vehicles , insuring consumers efficiently with more value .
Car insurers Metromile and Zubine are using sensors and automated accident reports to measure driver quality and miles driven, then using that data to calculate risk. Safe drivers will be rewarded with reduced premiums. Data intensive analysis is increasing insurtech's competitiveness in an evolving car insurance market place. Cars must be insured by law. However, they are stationary for 95% of their lifetime, meaning the spare capacity is vast. The firms allow for changing trends in the use of vehicles, insuring consumers efficiently with more value.