USA - Tesla is creating a major insurer
Monday, 07 27 2020, Category: Insurance and Reinsurance, Country: United States
Tesla plans to launch a "major insurance company," CEO Elon Musk announced during a call with investors Wednesday.
Tesla plans to use data from its cars' computers to determine insurance rates for drivers based on how aggressively they drive, similar to what other insurers offer through third-party connected devices.
Tesla already offers a basic insurance product in California, which saw a rocky rollout last year.
Source: Business Insider