A smart solution for vehicle owners facing rising insurance cost.
This pay-as-you-go comprehensive car insurance will give the insurer a more accurate view of how much the insured drives so that they can use this to give more reflective premium based on risk exposure.
This pay-as-you-go comprehensive car insurance will give the insurer a more accurate view of how much the insured drives so that they can use this to give more reflective premium based on risk exposure.
SORPI-SORPI Pay-As-You-Drive (PAYD) (also called Distance-Based, Mileage-Based, Per- Mile, Usage Based, and Cedi-Per- Mile) pricing means that an individual’s insurance premiums are based directly on how much or how long the individual drives.
Due to the recent pandemic, the shift towards more lenient corporate work-from-home policies has led to a tangible reduction in miles driven – a trend that is now firmly established. This has prompted a noteworthy rise in the popularity of usage-based and mileage-based insurance models, as policyholders increasingly seek greater control over their insurance and premiums.
The Accenture Global Insurance Consumer Study highlights a significant surge in interest, with 73% of individuals expressing a desire for this model.
In order to meet this growing demand and stay ahead in the market, Sorpi Sorpi finds it imperative to provide personalized insurance models and services that not only offer enhanced value but also foster trust and deliver engaging experiences to our policyholders.
