Real-Time Driving Data: Transforming Insurance with Henry Kowal of Arity
Risk Management: Brick by Brick · 2024-11-27 · 15 min
Episode notes
On the latest episode of Risk Management: Brick by Brick, Jason Reichl sits down with Henry Kowal, Director of Product Management at Arity, a technology company spun out of Allstate in 2016. The conversation, recorded at ITC (InsureTech Connect), explores how Arity is leveraging an unprecedented scale of driving data to revolutionize insurance pricing and risk assessment. Henry shares insights on how Arity collects and analyzes over 1.3 billion miles of driving data daily, transforming how insurance companies evaluate risk and price policies. Through partnerships with connected cars and consumer apps, Arity is making insurance pricing more equitable by basing it on actual driving behavior rather than traditional proxy measures. To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io . Podcast Host: Jason Reichl Executive Producer: Don Halliwell Episode Highlights: 00:00 - Intro 00:40 - Arity's background and mission 02:00 - Scale of driving data collection 03:00 - Real-time vs. traditional insurance pricing 04:30 - Data partnerships and sources 05:30 - Credit scores vs.
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