(Image source: Driveway Software.)
Zurich Insurance Company Ltd (Zurich) has entered into a cooperation agreement with Driveway Software (San Mateo, Calif.) in order to leverage the Driveway technology platform and analytics engine, according to the vendor. As Zurich develops new products and services to meet customers’ evolving mobility needs, the insurer will collaborate with Driveway Software to leverage the Driveway platform to power mobile experiences with driving insights, safety solutions and connected services, according to a vendor announcement.
Driveway reports that the companies’ initial example of collaboration is the Zurich Driver app in Brazil. Zurich Driver uses Driveway’s telematics platform to analyze data collected from smartphone sensors. The app automatically detects driving and scores drivers on excessive speeding and aggressive braking, acceleration and cornering. It also measures the driver’s phone distraction and provides feedback to drivers about their phone use while driving, encouraging distraction-free driving. The platform allows Zurich’s policyholders who enroll in the program to save on their insurance pricing and they may win prizes for demonstrating safe driving.
“Zurich is one of the most respected insurance companies in the world, and our collaboration highlights the value they see in bringing innovation to traditional auto insurance and rewarding safe drivers,” comments Mike Simmons, CEO, Driveway.
Scaling Innovative Technology Platform
“There are great opportunities in the insurance industry today driven by innovation,” comments Igor Katsman, CTO, Driveway. “Driveway is leveraging new technologies to change customer expectations in auto insurance. I am looking forward to working with the Zurich team as they continue to scale their innovative technology platform and expand Driveway-powered usage based insurance solutions.”