This research will focus on dynamic and experience-based pricing models. Rather than fixing a contract price at the start of the contract based on a set of 'static' covariates that are known prior to the contract, the contract can be adjusted to include a baseline price that is augmented by a variable price based on dynamic time-varying covariates that are observed during the contract. This is in line with usage-based insurance products with tariff structures based on telematics collected data.