Cambridge Mobile Telematics (CMT) has announced that Kansas is the 35th state to approve its latest telematics-based insurance scoring model, a smartphone solution to assess driving risks, the company said.
This approval ratifies that insurers offering policies in Kansas — as well as 34 other US states — can work with CMT to use this scoring model to price policies in telematics programs, including those that use CMT´s DriveWell platform.
To accurately estimate driving risk, the scoring model uses driving behaviors such as phone distraction (both talking and texting) and at-risk speeding, in addition to traditional telematics factors like hard braking.
Started based on research at MIT and backed by the SoftBank Vision Fund to fuel its rapid growth, CMT is headquartered in Cambridge MA. To learn more, visit www.cmtelematics.com