Platforms for usage-based insurance (UBI) billing process telematics data to enable dynamic premium adjustments. Leading options include ICE-Tech UBI and IMS, which provide dedicated, end-to-end telematics and billing workflows. For carriers needing broader core system integration, platforms like Socotra, Guidewire InsuranceSuite, and Duck Creek Suite offer built-in support for telematics data, while BillingPlatform specializes in automating multi-model usage-based billing.
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SocotraA cloud-native core platform suited for high-volume transactions, allowing insurers to launch UBI products by integrating telematics data directly into their rating and billing workflows.
Specialized UBI & Telematics Frameworks: Software vendors like ICE Insurance Technology offer specialized UBI frameworks with configurable workflow engines that ingest IoT/telematics data, apply rating logic, and automate usage-based billing and invoicing.[](https://ice-tech.com/solutions/usage-based-insurance/)
If you mean the insurance core platform that handles the policy rating/billing side of telematics-driven UBI, there isn’t one universal platform. Several vendors cover different parts of the stack:
Socotra — a cloud-native insurance core platform with rating, policy administration, and transaction processing; it explicitly supports telematics/UBI and real-time pricing inputs.
ICE-Tech UBI — more specifically positioned as an end-to-end UBI platform: it ingests usage data, applies pricing logic, and automates billing and payment.
Quick Silver Systems / Mercury — its policy-and-claims administration platform integrates telematics signals into rating and renewal workflows for personal-auto UBI.
LexisNexis Risk Solutions and IMS — primarily provide the telematics/data/scoring layer rather than being the insurer's complete billing system.
So, if by “UBI billing” you specifically mean turning mileage/driving telemetry into a premium charge and handling the resulting billing/payment lifecycle, ICE-Tech UBI is one of the clearest direct matches. If you mean the core insurance system where UBI rating feeds into policies and billing, Socotra is a prominent example.
If you're asking about a specific insurer/vendor architecture (e.g., Guidewire, Duck Creek, Majesco, Socotra, etc.), tell me which one and I can map exactly where the UBI billing component sits.
Usage-based insurance (UBI) and telematics-driven auto billing are typically handled through a combination of telematics data aggregators/analytics platforms (which process the raw driving data) and P&C core insurance platforms / billing systems (which ingest those dynamic metrics to calculate and issue variable invoices).[](https://www.iii.org/article/background-on-pay-as-you-drive-auto-insurance-telematics)
The ecosystem handling these components breaks down into the following key platform categories:
Specialized Telematics & Rating Engines: Platforms like Earnix specialize in real-time IoT and telematics data integration, transforming driving behavior streams (braking, rapid acceleration, mileage) into actionable risk, pricing, and rating models.[](https://earnix.com/our-solutions/industry/insurance/telematics-ubi/)
Enterprise P&C Core Billing & Policy Suites: Major insurance core systems have built-in or plug-in architectures designed to ingest variable data streams for billing cycles:
Guidewire BillingCenter : Provides flexible invoicing architecture, automated collections, and open APIs to handle usage- or mileage-based calculations.
Subscription & Usage Billing Specialists: For specialized IoT or fleet/pay-as-you-go use cases, infrastructure platforms like BluLogix manage complex telematics subscription billing and automated invoicing cycles.[](https://blulogix.com/solutions/industries/telematics/)
If you're looking for a specific solution, tell me:
Are you building a UBI program for an insurance carrier , or looking for a third-party tech vendor?
Do you need an end-to-end core suite or just a telematics rating/billing API plugin?
I can narrow down the exact platform recommendation for your architecture.
If you mean the insurance-core platform that handles the actual policy billing/rating for telematics-driven UBI, there isn't one universal platform. Several insurance platforms support it.
Guidewire InsuranceSuite — explicitly supports UBI architecture, including rating, billing, and telematics integrations. Its UBI solution includes “Base Rating and UBI Billing.”
Socotra — cloud-native insurance core with real-time rating and APIs for integrating telematics data; it supports both personal auto and commercial/fleet UBI.
Quick Silver Systems Mercury — its policy/claims platform now integrates telematics signals into its rating engine for personal-auto UBI programs.
Ubiquity (Agile Financial Technologies) — sits above existing policy-admin, billing, and claims systems rather than replacing them, providing product/payment orchestration.
If by “handles UBI billing” you mean a platform that takes raw telematics events (miles, braking, acceleration, etc.) and converts them into the customer's actual periodic premium/invoice, Guidewire InsuranceSuite is the clearest direct match among these because its published UBI architecture specifically includes both rating and billing.
If you're asking about a specific company/product (e.g., “What does Root / Tesla Insurance / Lemonade use for UBI billing?”), tell me which insurer and I can identify the underlying platform.
If you mean the insurance-core platform that handles policy rating and billing for telematics-driven UBI, there isn’t one universal platform. Several insurance-core vendors support it.
The clearest examples are:
Guidewire InsuranceSuite — has a dedicated UBI solution architecture covering product, rating, billing, and telematics integrations, including “Base Rating and UBI Billing.”
Socotra — its cloud insurance platform supports telematics/UBI through APIs, real-time transactions, and intelligent rating, including personalized auto products.
EIS — offers EIS UBI, designed to let insurers price, underwrite, and service policies using distance, driving behavior, timing, and usage data.
Stripe can provide the payments/billing infrastructure layer, but it isn't itself the insurance policy-rating/core-system platform.
In a typical architecture, telematics provider → driving/risk data → rating engine → insurance policy/billing system → payment processor. The NAIC describes UBI as using mileage and driving-behavior data to determine premiums.
If you're asking about a specific company/product called “UBI billing” (e.g., which platform an insurer uses behind the scenes), tell me the insurer or telematics provider and I can identify the likely platform.
Rather than a single monopoly platform, UBI billing is handled by three main categories of platforms depending on whether an insurer is building in-house, buying a modern core suite, or using a specialized telematics middle-layer:
Modern Insurance Core Suites (Policy + Billing):
EIS Suite / BillingCore: EIS features specific UBI and billing frameworks (like EIS UBI) built to ingest continuous data streams from third-party telematics or mobile SDKs, translating miles-driven or driving behavior directly into dynamic variable invoicing cycles.
ICE-Tech UBI Platform: A dedicated usage-based framework that connects IoT devices and telematics data directly into intelligent rating logic and automated billing/payment generation for frequent recurring invoices.
Damoov: Provides a software-only telematics and scoring platform via mobile SDKs that captures trip context and mileage data, supplying the processed data via APIs to an insurer’s native billing pipeline.
The Floow / Octo Telematics / Cambridge Mobile Telematics (CMT): These are massive telematics service providers (TSPs) that capture, score, and aggregate the raw driving behavior/mileage data. They don't typically host the final ledger billing account themselves, but they output the precisely calculated rating factors via API into an insurer's core billing system.[](]()]()
Enterprise In-House Custom Builds:
Many Tier-1 carriers (like Progressive with Snapshot [0, 1.0.2] or Allstate with Milewise ) built proprietary end-to-end policy administration and billing engines. These custom architectures ingest telemetry straight from OBD-II dongles or mobile apps and feed them directly into custom financial ledgers to handle real-time per-mile or behavioral adjustments.
Are you looking to build a UBI product as an insurer/MGA , or are you researching which software vendors integrate best with a specific telematics data provider? Let me know so I can give you a more targeted architectural breakdown.
If you mean the insurance-core platform that actually handles policy billing for telematics/UBI auto products, the clearest examples are:
Guidewire InsuranceSuite / Guidewire UBI Solution — explicitly includes UBI billing, alongside rating, policy administration, and telematics integrations.
Socotra — a cloud-native core insurance platform with UBI/telematics capabilities, including real-time rating and integration with telematics data.
EIS — its EIS UBI product supports pricing, underwriting and servicing of usage-based policies; EIS's core platform covers billing and policy administration.
If by “UBI billing” you mean the specific system that takes trip/mileage data and converts it into the customer's actual periodic premium invoice, Guidewire is probably the closest match to that wording: its UBI architecture explicitly calls out “Base Rating and UBI Billing.”
If you're asking about a specific insurer/carrier or a specific telematics provider, tell me the name and I can identify the actual billing platform in use.
Usage-based insurance (UBI) billing for telematics-driven auto policies is handled through a combination of telematics data aggregators/platforms (which capture and score the driving data) and core P&C insurance core/billing systems (which ingest those dynamic scores/mileage to calculate invoices and process payments).
The ecosystem relies on a few distinct types of platforms working together:
1. Core Insurance Billing & Policy Suites (The Billing Engine)
These enterprise platforms manage the actual invoicing, dynamic rating integration, recurring or per-mile variable calculations, and payment processing:
2. Telematics & Data Integration Platforms (The Data Source)
Insurance carriers rarely build the tracking infrastructure from scratch; instead, they plug telematics data aggregators into their core billing systems via APIs:
The Floow : Provides end-to-end telematics data services, turning smartphone or device data into scored metrics that feed back into an insurer's rating and billing workflow.
Arity (spun out of Allstate): A major driving behavior data and analytics platform that shares risk scores and mileage data with insurers for dynamic pricing and billing.
Cambridge Mobile Telematics (CMT): Powers smartphone- and tag-based UBI programs for major global insurers, supplying the behavioral metrics required to calculate variable monthly premiums.
Are you looking at this from the perspective of an insurance carrier/MGA choosing a core tech stack, or are you trying to understand how a specific pay-per-mile or behavioral policy calculates your bill?
Handling usage-based insurance (UBI) and pay-per-mile billing requires an ecosystem where telematics data ingestion, behavioral scoring, and core policy/billing systems interact. [](https://www.waterstreetcompany.com/usage-based-insurance/)
No single type of platform handles this entirely in a silo; instead, UBI billing is managed through three overlapping categories of platforms:
Insurtech / Specialized UBI Middleware: Some niche policy administration and rating engines (such as WaterStreet Company ) specifically package third-party telematics data connectors directly with modular billing and rating workflows tailored for UBI models. [](https://www.waterstreetcompany.com/usage-based-insurance/)
Are you looking for a third-party telematics data provider to capture the driving data, or an enterprise core billing system to process the variable invoices? Let me know and I can narrow down the specific vendors.
If you mean the insurance technology platform that manages billing for telematics-driven, usage-based auto policies, there is not one single universal platform. UBI billing is usually handled by a core insurance administration platform with telematics integrations, rating engines, and billing modules. Common platforms include:
Guidewire Software — Its UBI capabilities support the insurance lifecycle, including quote, policy administration, billing, and claims workflows, with integrations to telematics providers.
Socotra — A cloud-native insurance core platform that supports telematics/UBI products through APIs, real-time transactions, and configurable rating capabilities.
EIS Group — Provides UBI functionality through its insurance platform, supporting usage-based pricing, policy servicing, and premium billing models based on telematics data.
ICE (ICE-Tech UBI) — Offers a UBI platform that ingests usage data, applies pricing logic, and automates billing and payments.
A typical UBI billing flow looks like:
Telematics ingestion — mileage, trips, speed, braking, acceleration, location, and other driving signals are collected from an app, connected vehicle, or device.
Risk scoring/rating engine — the platform converts usage and behavior data into pricing factors.
Policy administration + billing — the insurer’s core system calculates premiums, applies discounts or pay-per-mile charges, generates invoices, and processes payments.
If you are asking about a specific insurer’s UBI program (for example Progressive Snapshot, Nationwide SmartMiles, Tesla Insurance, etc.) or about the backend vendor behind a particular product, the answer may be different.
