MotorDNA, Insurtech, Launches Leveraging Data and AI to Save Lives - InsuranceNewsNet

MotorDNA seeks to close the data gap between the Insurers, Consumers, Auto Lenders, Fleet Managers, Regulators, and OEMs with a platform to encourage the production and demand for safer vehicles. The US Automobile Insurance industry, valued at greater than $300B, is modernizing and transforming its products to mirror the transformation in the mobility space. Automobile technology is rapidly advancing, and vehicles are getting smarter. Safety features, sometimes referred to as ADAS (Advanced Driver Assistance Systems) and their effectiveness are progressing quickly on the journey to autonomous driving. However, vehicle build data is neither readily available in the market nor has it been organized to make it actionable for insurers to create products and pricing based on accurately assessing the risk of each vehicle.