|Business Wire, Inc.|
Founder and CEO,
McKay will speak on a panel titled, “Understanding the Urgency of Usage Based Insurance,” which will address the business case for UBI, why insurers need to consider offering a UBI product in order to enable a balanced risk pool, as well as how to leverage ‘big data’ strategies to create targeted UBI solutions and collaborate with the OEMs.
McKay will be joined by fellow panelists
“In 2012, the UBI market has reached a tipping point in
DriveFactor provides a data capture device that drivers plug into their vehicle and a private consumer friendly website that shows drivers their driving habits, routes, recommendations for improvement, and a unique DriveFactor status. In addition, DriveFactor provides insurance companies with a turn-key software platform that enables usage based insurance (UBI) programs. DriveFactor has created an elegant UBI platform that is statistically more predictive and financially more attractive for insurance companies to implement, as well as a privacy-sensitive, financially equitable offering for consumers. DriveFactor is currently available in the Unites States and
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