Sony Assurance has partnered with Yahoo! Japan to develop new telematics insurance products and related services based on driving behaviour data from Yahoo's free car navigation app, which has been downloaded two times. Sony Assurance has been developing pay-how-you-drive (PHYD) insurance to reduce policy premiums and improve driving safety. In February 2015 it became the first company in Japan to offer PHYD insurance.
Sony Assurance has partnered with Yahoo! Japan to develop new telematics insurance products and related services based on driving behaviour data from Yahoo's free car navigation app, which has been downloaded more than 10 million times. Sony Assurance has been developing pay-how-you-drive (PHYD) insurance to reduce policy premiums and improve driving safety. In February 2015 it became the first company in Japan to offer PHYD insurance.