Earnix, a provider of rating, pricing, and product personalization services for insurers and banks, has acquired AI-powered telematics provider Driveway Software Corp.’s assets. The assets include a telematics app, which will establish a new offering in usage-based insurance and behavior-based insurance from Earnix.

“As consumer expectations continue to evolve rapidly, insurers are under increasing pressure to provide offerings tailored to the needs of the market,” said Udi Ziv, CEO at Earnix. “As a result, the demand for UBI and BBI is helping to drive the revolution for personalized and real-time offers in insurance, providing carriers with the opportunity to differentiate themselves and create lasting customer value through relevant and timely engagement.”