Cambridge Mobile Telematics (CMT) recently announced a new partnership with COUNTRY Financial to deliver its telematics program to COUNTRY Financial personal auto policyholders.
The new program will provide COUNTRY Financial customers actionable information and behavioral insights to improve driver behavior via COUNTRY Financial’s new DriverIQ app, according to CMT.
The DriverIQ app is available to COUNTRY Financial’s policyholders in Colorado and Minnesota, with more states pending in the future. The app is built using CMT’s DriveWell platform, which uses mobile sensing and statistics to measure and score driving quality, helps drivers become safer drivers via engaging incentives rooted in behavioral science, and uses machine learning to reconstruct crashes, according to CMT. The products enable insurers to price risk more accurately, lower loss ratios, automate claims processing and offer emergency roadside assistance.
The DriverIQ app provides COUNTRY Financial with a flexible way to incorporate multiple value propositions for policyholders, including rewards and discounts depending on geography. The DriverIQ app provides feedback to drivers after every trip, highlighting areas of risk and enabling users to reduce their risk of accidents while getting more value from their insurance purchase, according to CMT.
“This partnership with COUNTRY Financial represents a tremendous opportunity to work together to make our roads safer,” said Ryan McMahon, CMT vice president of insurance. “It demonstrates our commitment to working with insurance providers to develop flexible solutions that both reduce their exposure and improve results.
The telematics program is available to all of COUNTRY’s auto policyholders within the two states.
“COUNTRY prides itself on helping people when accidents happen, but our partnership with Cambridge Mobile Telematics will result in clients that will avoid tragedies all together,” said Chad Mirock, COUNTRY Financial vice president of personal lines. “Roads are safer, our clients benefit and we should strengthen our client relationship through the DriverIQ App.”
COUNTRY auto policyholders in Colorado and Minnesota can enroll in DriverIQ by contacting their COUNTRY Financial representative, or calling 1-866-COUNTRY.