InsurTech Carrot Distributes Distance-based Auto Insurance To More Than Half A Million Consumers

A leading insurance technology platform Carrot General Insurance Corp. ("Carrot" or the "Company"), today announced that it has sold more than 500 thousand policies for its flagship pay-per-mile usage-based (UBI) auto insurance program. Having achieved such rapid growth two years after launching the product, this milestone is viewed as highly significant, especially in the sphere of UBI.