SAN FRANCISCO, Jan. 24, 2023 (GLOBE NEWSWIRE) — Zendrive, a mission-driven firm making roads safer with knowledge and analytics, introduced right now that it’s partnering with Progressive, one of many largest insurance coverage carriers within the US and a pacesetter in usage-based insurance coverage (UBI), to develop its Insurance coverage Qualification Lens (IQL) program. This addition to this system comes after Zendrive introduced that it has expanded IQL’s attain to a further 50M customers within the US by becoming a member of forces with main shopper apps. At the moment, Zendrive’s community of high apps consists of MoneyLion, Coin, Pogo, and dozens of others.
Zendrive’s distinctive IQL program helps insurers provide personalised auto charges to protected drivers by embedding a driver security SDK into main shopper apps in fintech, residence safety, rewards, and driver security classes. This distinctive ecosystem strategy, with Zendrive’s Mobility Threat Intelligence (MRI) platform on the core, offers an avenue for insurers to increase personalised charges to protected drivers, shopper apps to unlock a gentle stream of income and supply added worth to their prospects, and customers to doubtlessly obtain personalised auto insurance coverage financial savings based mostly on their driving conduct.
“At Zendrive, we’re thrilled about extending our IQL program to thousands and thousands of US customers by means of {our relationships} with Progressive and shopper apps like MoneyLion, Pogo, and Coin, doubtlessly rewarding customers for his or her protected driving habits,” mentioned Dennis Ellis, President of Zendrive.
“We’re excited to work with Zendrive to proceed to make it simpler for customers to take part in Progressive’s UBI program Snapshot,” mentioned Ed Graves, UBI Product Improvement Supervisor at Progressive. “By becoming a member of this program, Progressive will be capable to discover and reward safer drivers by permitting them to conveniently share their driving knowledge from shopper apps they’re already utilizing.”
The Zendrive-powered IQL program provides customers distinctive alternatives to get rewarded for protected driving conduct by sharing their driving knowledge. Customers can choose into this system inside seconds. Zendrive’s SDK— embedded in main shopper apps — collects driving knowledge within the background with out requiring person intervention for a brief check drive length of not less than 30 days.
By working with Progressive, Zendrive is readying its IQL program for a large growth in 2023. Client apps taken with creating a wholesome income stream and doubtlessly unlocking personalised financial savings for his or her customers can take part on this program by reaching out to us at advertising@zendrive.com.
About Zendrive
Zendrive’s mission is to make roads safer by means of knowledge and analytics. Its award-winning Mobility Threat Intelligence (MRI) platform — powered by 200 billion miles of knowledge gathered from 100s of thousands and thousands of drivers throughout the globe — helps insurers perceive and mitigate mobility danger, lowering the chance of collisions by 49%. The platform additionally helps insurers discover and purchase most popular danger drivers by means of Zendrive’s huge writer community with entry to tons of of thousands and thousands of customers. With a fascinating check drive expertise, collaborating shopper functions ship financial savings to their prospects whereas additionally diversifying income streams. The corporate has been acknowledged as considered one of Quick Firm’s Most Modern Corporations and was not too long ago included within the international Insurtech 100 listing of most progressive firms.
Media Contact:
advertising@zendrive.com
