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Old 12-11-2017, 10:45 AM
Vorian Atreides's Avatar
Vorian Atreides Vorian Atreides is offline
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Good luck getting responses about a concept whose implementation is likely to be viewed as highly-proprietary information.

Most companies that have rating that utilizes telematics data will likely have some degree of "rating per mile" type aspect . . . but it will very likely not be as linear as a straight-forward "pay per mile" program.

You might look at industry literature on the use of telematics for some insights (the CAS has a few on the topic).

You might also consider if a strict linear relationship is going to be supported by data. For example, for lower mileage risks, the relationship might be linear (or close enough for rating); but you might get to a point where the increase in risk is diminished with an increase in mileage because the driver/policyholder has "great familiarity" with the roads and traffic patterns.
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Last edited by Vorian Atreides; 12-11-2017 at 10:50 AM..
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