General Motors Co aims to launch an algorithm-based auto insurance plan by the end of the first quarter in some U.S. states that charges policyholders based on their driving performance, a company executive said in an interview.
The automaker’s OnStar subsidiary has asked for regulatory approval of the new data-based insurance plan in Arizona, Illinois and Michigan together with its insurance partner American Family. It hopes to receive the go-ahead by the end of March, Andrew Rose, president of OnStar Insurance and GM’s vice president of Global Innovation, said during an interview Friday.
