How AI and Data Analytics are Transforming the Auto Insurance Industry with Charles Boyle

The auto insurance industry is rapidly transforming with the use of artificial intelligence (AI) and data analytics, like many other businesses. In this episode of the Decisions Now podcast, Charles Boyle, VP, and global chief data officer at Octo Telematics discusses how the industry is succeeding by leveraging the power of data and technology. Co-hosts Rigvinath Chevala, Evalueserve’s chief technology officer, and Erin Pearson, VP of marketing chat with Boyle on how AI is being used to assess driving risk, insurance rates, driving behaviors, predictive maintenance, and more! 📌Key Takeaways: ✔️ Digital transformation✔️ AI and ML in the Auto Industry ✔️ Auto Insurance and Risk ✔️ Predictive Maintenance ✔️More in the Auto Industry with AI, and✔️ Careers📌Quote Takeaways in this Episode: 📣 “Think about it like the credit score, like your FICO credit score, but based on your driving habits and your driving behaviors. And insurance companies are using that because it's an insurance grade score that's based on claims and observed losses,” Boyle said. “And ultimately, they're using that to differentiate risk profiles and price the premiums accordingly.”📌The Speakers in This Episode: 🎙️Rigvinath (Rigvi) Chevala | Chief Technology Officer, Evalueserve www.evalueserve.com 🎙️Erin Pearson | VP Marketing, Evalueserve www.evalueserve.com 🎙️Charles Boyle | VP and Global Chief Data Officer, https://www.octotelematics.com/