Latest Updates from CAR and the MAIP as of August 4th: With the approval of amendments to Rules 21.C.5 and 29.D.2 which were announced in the CAR Bulletin 945, CAR has updated and implemented the down payment requirements for eligible policies. CAR has a new PDF Viewer which allows the entire MAIP section to be […]
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New Analytical Support for Insurers Embracing UBI
In response to the auto insurance revolution caused by the rise of usage-based auto insurance (UBI) also known as “pay-as-you-drive”, the global consulting firm Towers Watson announced this week that it is now offering a new drive-score analytic service to insurers. DriveAbility will provide analytical support for insurers that translates to an individual score for […]
