Real-Time Driving Data: Transforming Insurance with Henry Kowal of Arity

Episode Description

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 ReichlExecutive Producer: Don HalliwellEpisode Highlights:00:00 - Intro00:40 - Arity's background and mission02:00 - Scale of driving data collection03:00 - Real-time vs. traditional insurance pricing04:30 - Data partnerships and sources05:30 - Credit scores vs. driving behavior07:30 - Changes in driving behavior analysis09:40 - Self-selection bias in telematics11:00 - Territorial pricing innovations13:15 - Commercial applications potentialEpisode Resources:ArityTrustLayerIf you enjoyed this episode, please (with a cherry on top):Subscribe, rate, and review it on Apple PodcastsFollow Risk Management: Brick by Brick on SpotifyTell a friend!Risk Management: Brick by Brick is handcrafted by our friends over at: fame.soPrevious guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation. Check out the three most downloaded episodes: Managing Your Risk Portfolio with Seth HausmanFocusing on Specialization with Matthew MeyerRisk Management is Everywhere with Diana RichIf you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest