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Monday, 24 January 2022 10:36

GM Set to Launch Behavior-Based U.S. Driver Insurance in Q1: Executive

Written by Tina Bellon, Reuters

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General Motors Co aims to launch an algorithm-based auto insurance plan by the end of the first quarter in some U.S. states that charges policyholders based on their driving performance, a company executive said in an interview.

The automaker's OnStar subsidiary has asked for regulatory approval of the new data-based insurance plan in Arizona, Illinois and Michigan together with its insurance partner American Family.

 

It hopes to receive the go-ahead by the end of March, Andrew Rose, president of OnStar Insurance and GM's vice president of Global Innovation, said during an interview Jan. 21.

 

To read more, see Reuters.