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Thursday, 09/01/2022 11:10:43 AM

Thursday, September 01, 2022 11:10:43 AM

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IGEN's intellectual property portfolio will focus on normalizing the "big data" elements that influence driving habits along with correcting gross errors in assessing driver performance and driver behavior.  Reducing what the insurance industry refers to as "rating-errors" is the single biggest opportunity for insurance companies.  With an estimated $8B of annual rating-errors attributed to not understanding driver behavior, IGEN is positioned as a disruptive force in establishing actuarial metrics for the insurance industry along with providing a safer environment for drivers and their families.  Key initiatives for IGEN for 2022 will be to strengthen its patent portfolio in the area of Artificial Intelligence (AI), in-particular as it pertains to electric vehicles (EV) and their inherent ability to collect data from a broad-range of external 
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