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Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts

November 2, 2021


Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by Tesla.

Newly listed Renaissance Insurance has verified Yandex’s algorithms and the two companies will team up to offer car insurance discounts of up to 35% to the safest drivers using the Yandex.Drive app.

Yandex did not disclose the terms of the deal, and Renaissance Insurance declined comments on the terms.

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