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DEFINITY LAUNCHES SONNET SHIFT: A NEW USAGE-BASED INSURANCE OFFERING GIVING CUSTOMERS CONTROL OF THEIR PREMIUMS
DEFINITY LAUNCHES SONNET SHIFT: A NEW USAGE-BASED INSURANCE OFFERING GIVING CUSTOMERS CONTROL OF ...
About this update from Definity Financial Corp.
[{"type":"text","content":"\n \n \n \n DEFINITY LAUNCHES SONNET SHIFT: A NEW USAGE-BASED INSURANCE OFFERING GIVING CUSTOMERS CONTROL OF THEIR PREMIUMS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Definity becomes first Canadian P&C insurer to offer quarterly savings for drivers based on driving scores\n \n \n \n \n WATERLOO, ON\n \n \n ,\n \n \n Sept. 5, 2023\n \n \n /CNW/ - Leading property and casualty insurer\n \n Definity\n \n (TSX: DFY), has launched a new usage-based insurance (UBI) product offering:\n \n Sonnet Shift\n \n . It gives Sonnet customers in\n \n Ontario\n \n a personalized insurance experience, delivered through a best-in-class program offering drivers enhanced control over their premiums while promoting safer driving habits.\n \n \n Sonnet Shift is the first ever UBI product in\n \n Canada\n \n to offer quarterly price adjustments based on recent driving scores. The tailored insurance solution empowers each driver with the ability to oversee their own premium. Powered by\n \n The Floow\n \n advanced telematics and\n \n Munich Re Global Consulting\n \n , Sonnet Shift uses individual driving behaviours and preferences as the main factor for pricing, including time of day, fatigue, smooth driving, speed, mobile distraction, and road risk.\n \n \n \"By providing customers with the tools they need to manage their premiums and improve their driving, Definity is transforming the insurance landscape into one of empowerment and customization,\" said\n \n Rowan Saunders\n \n , President and CEO at Definity. \"Our customers can choose the insurance that suits them best. Just as Sonnet redefined the Canadian insurance landscape as the first fully online home and auto insurance company, Sonnet Shift builds on this legacy to reimagine the insurance experience and equip customers with customized coverage at a competitive price.\"\n \n \n Sonnet Shift is immediately available to customers in\n \n Ontario\n \n , with provincial expansion planned for early next year.\n \n \n \n \n \n \n \n \n \n Building on the Def...