Paydrive challenges the traditional insurance industry with usage based insurance

The innovative insurance company Paydrive, which was the first in Sweden to offer usage-based car insurance, is breaking new ground by offering insurance drawn from data based on driving style and miles driven. Paydrive has expanded significantly in the past year and in mid-December, the company will be listed on NGM. The listing helps Paydrive in the next growth phase with a focus on European launch and a broader product offering.