EIS UBI & EIS UBI for Ridesharing
Our solutions for usage-based insurance let carriers create highly personalized products and pricing for individuals.
Underwrite, price, and service drivers based on how far, how well, when, and even why they drive.
EIS UBI supports multiple UBI models and provides appropriate premiums and discounts for billing.
Learn how to become a high-velocity insurer and win in the digital economy.
Truly personalized auto insurance rates and coverage
Integrated with data from telematics or mobile devices, EIS UBI solutions can rate coverage based on any combination of models:
Mileage
Allows customers to pay a flat monthly fee plus a small charge per mile of use. Low mileage drivers benefit as they pay primarily for those times when they are at risk.
Behavior
Encourage safer driving and lower costs. Lane-keeping, fast cornering, and sudden braking alerts can raise awareness and the data collected creates further opportunities for personalized pricing.
Fractional
The new insurance customer isn’t necessarily the vehicle’s owner or operator. Each pays for their portion of use. Events such as a change of driver can lead to more accurate pay-per-mile charges. The same rules will apply to autonomous vehicles, separating liability from humans and autopilots.
Flexible vehicle use
Whether it’s private use, ride-hailing, car-sharing, or delivery service, insurers can accurately rate and update premium billing according to each type of use.
High-fidelity telematics
Continuously stream high-fidelity time-stamped data from the vehicle for a complete view of what happened and when.
%
growth in UBI policy ownership in 2021, according to Forrester
%
of large P&C insurers and 12% of mid-sized P&C insurers are already engaging in telematics, according to the Novarica Research Council CIO Survey (2020-Q4)
%
growth is predicted for the global UBI market through 2026, according to the National Association of Insurance Commissioners (NAIC)
%
of policyholders report “lack of personalization” as a primary reason for leaving an insurer, according to “The Customer Compass: Navigating the Future of Insurance”
EIS UBI for Ridesharing
EIS UBI for Ridesharing™ bridges the divide between personal and commercial coverages for insurers and drivers alike.
The solution allows insurers to accurately rate and update premium billing in real time according to use type for commercial and personal lines coverages. Similarly, drivers can purchase a policy offering continuous coverage, whether driving for personal use or when on the clock.

EIS UBI for Ridesharing can account for all five phases of a rideshare:
Off the clock
On the clock, but waiting for the rider
Picking up the rider
Driving to the rider’s destination
En route to the next pickup

Transportation network companies (TNC) can embed the insurance offer directly into the insurer’s driver app to enable real-time interactions.
Coverage can include downtime protection alongside liability, comprehensive and collision, uninsured or under-insured motorist, and medical payments.
EIS UBI Benefits
- Improves usability
- Creates greater efficiency
- Supports different frequencies for posting data to policy and billing
- Manual and automated discounting
- Reduces impact on data storage systems
- Expands customer opportunities for UBI products
- Can be applied to any insurance product using any Internet of Things (IoT) data feed
EIS UBI Features
- UBI mileage support
- UBI discount model support
- Streamlined UBI transaction history
- Premium calculation and proration
- Products and services configuration
- Stand-alone coverage or non-mileage coverage
- Support for multiple data providers
- UBI discount exclusion
UBI beyond auto insurance
The foundation of EIS UBI is the event-driven architecture of the EIS Suite™, which features thousands of policy, billing, claims, and customer management tasks, transactions, and interactions available for implementation in your UBI products.
Workflow and data exchanges can deliver underwriting by usage or status metrics. Other examples include parametric crop insurance, on-demand insurance, such as home-sharing, travel, and “gig economy” applications.
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