best-in-class mobile insurance application lets the consumer opt in to sharing the car’s driving history and provides a quote to the customer within seconds.” US firm Root Insurance is set to enhance its usage-based insurance (UBI) coverage after joining the Verisk Data Exchange. The company will be able to offer a wider range of products and services in Europe as part of the new exchange that launched on Monday. In addition, Root will deploy the exchange's Discount Alert later this year, enabling insurers to offer good drivers competitive rates.
US firm Root Insurance is set to enhance its usage-based insurance (UBI) coverage after joining the Verisk Data Exchange. The company will be able to offer a wider range of products and services in Europe as part of the new exchange that launched on Monday. In addition, Root will deploy the exchange's Discount Alert later this year, enabling insurers to offer good drivers competitive rates.