Latest News
USAA to Add Usage-Based Insurance Offering with Acquisition of Noblr
Friday 11 June 2021

Texas-based USAA, a provider of insurance, banking and investment and retirement solutions, plans to acquire San Francisco-based insurtech company Noblr, Inc. to offer usage-based insurance (UBI) to members, the company said.

Terms of the transaction were not disclosed.

The acquisition of Noblr, Inc. increases USAA's competitiveness in the marketplace and adds the choice of UBI capability for members.

USAA plans to roll out UBI nationally over the next three years, starting with the eight states where Noblr is currently available and expanding to additional states this year.

USAA is among the providers of insurance, banking and investment and retirement solutions to more than 13 m members of the US military, veterans.

Noblr, Inc. is a smart car insurance company that has received investments from companies like Hudson Structured Capital Management Ltd., White Mountains Insurance Group, Ltd. and SiriusPoint Ltd.
Details
Date Published: 11/06/2021

Options