Allstate CEO Starts Unit to Grow ‘Aggressively’ in Telematics
- Arity to collect driver data for Allstate, third parties
- Fast-growth business comes as auto business pressured
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Allstate Corp. Chief Executive Officer Tom Wilson created a stand-alone unit for a telematics business that he expects to grow rapidly by collecting data on drivers and selling analytics products to third parties.
The firm is named Arity and will also serve the insurer’s own brands including Esurance, Wilson said Wednesday in a phone interview. Allstate, the largest publicly traded U.S. provider of home and auto coverage, has been using telematics for at least six years to help clients drive safely and obtain rewards.