Hadoop Use Case: Auto Insurance Pricing Based on Driver Behavior

Ingenious Qube worked with a customer who wanted to price auto insurance based on driving behavior insights obtained from sensors on cars using Hortonworks Data Platform. Rajnish Goswami, CEO of Ingenious Qube, describes the customer story below.

The Situation: Insurance companies around the world strive to provide lower insurance rates, and auto insurance is no exception to this phenomenon. The automobile insurance companies are devising ways to derive innovative pricing models that will help customers reduce their insurance premiums; however, it requires an understanding of how one drives their vehicle. Insurance companies determine the premiums not just by the driver’s or vehicle’s history but also by statistical probabilities including age and gender.

Author: Cindy Maike

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