Allstate is putting its usage-based insurance product, Drive Wise, to the test, giving its employes and agency owners a chance to offer suggestions on how to enhance the product.The crowdsourcing technique is among the first, if not the first, for an insurance product.
“Our early experience with Drive Wise indicates telematics technology has the potential to save lives, reduce injuries and save millions of dollars in property damage each year,” said Bob Otis, senior vice president of Allstate’s auto product operations. “Launching this crowdsourcing test of our unique, usage-based insurance device, will help us create a better product for our customers, while encouraging our employees and agency owners to examine and improve their own driving habits.”
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.