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DriveFactor Partners With Admiral Group Plc To Expand U.K. Usage-Based Insurance

Third paragraph of release should read: “Our aim has always been to try to offer fair insurance premiums to drivers,” said Sarah Harris, Head of Telematics at Admiral. “In partnering with DriveFactor, we’ll be able to reward our drivers for safer driving. DriveFactor’s depth of analytics and ease of implementation reinforce our customer-centric strategy as we move forward in offering our customers fair insurance rates that they can influence every time they drive.”

The corrected release reads:

DriveFactor Partners with Admiral Group plc to Expand U.K. Usage-Based Insurance

DriveFactor has partnered with Admiral Group plc to expand usage-based insurance (“UBI”) offerings throughout the U.K. Through this partnership, DriveFactor will power a version of Admiral’s Bell Safe Driver policy, which offers discounted auto insurance to U.K.-based drivers who apply. Pairing DriveFactor’s data management services and turnkey telematics programs with Admiral’s forward-thinking approach to insurance could further expand the mass-market appeal of UBI. The benefit of UBI is that it matches insurance premiums to real-world driving behavior and promotes better driving practices.

DriveFactor supports and manages hardware, data services, and predictive risk and analytics, as well as hosts a secure, online user portal that gives drivers access to their data, including feedback and insight into how they can improve their driving and thus lower their insurance premiums. DriveFactor’s telematics solution offers a data-based approach to determining fair insurance rates.

“Our aim has always been to try to offer fair insurance premiums to drivers,” said Sarah Harris, Head of Telematics at Admiral. “In partnering with DriveFactor, we’ll be able to reward our drivers for safer driving. DriveFactor’s depth of analytics and ease of implementation reinforce our customer-centric strategy as we move forward in offering our customers fair insurance rates that they can influence every time they drive.”

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