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 Friday. “We hope to follow that with a dozen, two dozen and hopefully more states,” Rose said. GM’s policy currently does not factor in the use of driver-assistance systems, which can automate some driving tasks, and control braking and acceleration. Sensor data from GM’s “Super Cruise” system, including an in-cabin camera that monitors drivers’ eye and head movements, …
GM Set to Launch Behavior-Based US Driver Insurance in Q1: Executive
January 25, 2022
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