The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) will present distinctive automotive insurance coverage to drivers who buy a Tesla car in Israel. Sources have advised “Globes” that Tesla thought of numerous insurance coverage candidates in Israel together with Direct Insurance coverage earlier than selecting Phoenix.
Tesla’s distinctive insurance coverage mannequin, launched in 2019, is individually tailor-made to every driver primarily based on telemetric knowledge, which is mechanically transmitted from every Tesla car to the corporate’s cloud servers.
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Tesla’s particular algorithms analyzes the variety of kilometers every driver travels, the kind of driving completed (winter, night time and so on.), the traits of the driving force (velocity, braking, danger taking, accidents and so on.) and thus builds a profile for distinctive insurance coverage for every driver.
Relying on the information, the insurance coverage firm might supply 20% to 30% under the common worth for protection. Nonetheless, within the US, insurance coverage protection for Tesla automobiles is on common $1,500-$3,400 larger per yr that common automobiles which are much like Tesla’s fashions.
In some international locations, Tesla affords its personal direct insurance coverage by registering on the producer’s web site however in Israel the place exterior firms should not licensed to supply insurance coverage, Tesla has been compelled to associate with an Israeli insurance coverage firm.
Phoenix declined to touch upon this report.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 2, 2021
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