Credit rating and analytics company FICO and digital driving solutions provider eDriving are due to introduce a smartphone app that will turn driving behaviour patterns into driving scores. The FICO driving score will be released for employers next month and to consumers (primarily for novice drivers) in the first quarter of next year. The app, called DriveNow, is being developed by the two companies in partnership with car makers such as General Motors Co (GM.N) and Ford Motor Co. (F.N). The aim of the app is to help insurers set premiums and pricing plans based on driver behaviour.
Credit rating and analytics company FICO and digital driving solutions provider eDriving are due to introduce a smartphone app that will turn driving behaviour patterns into driving scores. The app, called DriveNow, is being developed by the two companies in partnership with car makers such as General Motors Co (GM.N) and Ford Motor Co. (F.N). The aim of the app is to help insurers set premiums and pricing plans based on driver behaviour.