Take a look at all the options and we will be more than happy to assist and get you where you need to go. We can even rent you a bike locker on our property to help you secure your bike! It can be simple! Biking, using our vanpool service, carsharing with Enterprise, GREENbike or carpooling are all Ridesharing choices you can make. Take a look at some of our Ridesharing options. So, we have come up with a number of options that will help improve your mobility, improve the air quality and conserve energy. And it can cause traffic tie-ups, bad air, and cost you money. It means is, one person, in one car, driving to a destination. UTA encourages everyone to use transit! We offer a wide range of alternative transportation options that reduce single occupancy vehicle usage. This gave them direct access to the most relevant insurers in the space, and they were able to renew their policy with a premium that was 76% lower than the year before - resulting in a huge boost to their gross margins.UTA RIDESHARE Mission: To educate the community concerning alternative transportation options and promote those options that reduce single occupancy vehicle usage, improve mobility, enhance air quality, and conserve energy. They integrated the Tint API into their product workflows to receive all the information required to display the protection details to users in real-time.įinally, Riders Share decided to renew its third-party liability policy using the marketplace module of the Tint insurance platform. From there, the technology trained machine learning models and reported the pilot results to Riders Share.Īfter very encouraging results, the tech platform decided to use the risk segmentation to deploy risk-based pricing and deductibles for their damage waiver product.
Tint collected historical data from Riders Share and augmented it with hundreds of attributes from its network of third-party vendors. Its modules included lightweight policy administration, a decision engine and a rating engine. Together, Riders Share and Tint decided to run a proof of concept of the Tint platform which features no-code tools and is AI-powered. It allowed us to get on parity with the giants in the sector and use AI much faster than we'd have done internally. This is a killing combination for growing marketplaces like ours.
Tint understands marketplaces, risk, and machine learning. So they grabbed their helmets and went looking for help.In Tint, they found a partner who was up for the ride. But as a small team, they didn't have the resources to build an end-to-end data and machine learning infrastructure to optimize their risk management. To run an efficient risk stack–and be profitable–they knew they would have to identify the risks of their transactions. Those stats showed Riders Share that insurance was a critical element in creating a platform that appealed to the motorcycle community. From the start, the company faced a unique set of challenges: Motorcycles are ridden less than 2000 miles per year compared to the 12,000 miles per year put on cars. There are 30 million licensed riders but just under 10 million motorcycles in the U.S. And the most significant speed bump? The steep price of renting a motorcycle keeps millions of occasional riders from enjoying their hobby.
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