Fairmatic
Fairmatic offers AI-powered commercial auto insurance that rewards safety with savings and has raised $88M in funding from notable investors.
Funding and Investors
Fairmatic has raised $88M in funding from several notable investors. These include Battery Ventures, Foundation Capital, and Aquiline Technology Growth. This level of investment highlights the confidence these investors have in Fairmatic's innovative approach to commercial auto insurance.
AI-Powered Commercial Auto Insurance
Fairmatic offers AI-powered commercial auto insurance that rewards safety with savings. The company uses an AI-driven underwriting approach to continuously provide savings opportunities for fleets. Their digital claims process includes features like digital incident reporting and collision notifications, ensuring a streamlined experience for clients.
Digital Claims Process
Fairmatic's digital claims process is designed to enhance efficiency and convenience for policyholders. Features such as digital incident reporting and collision notifications allow for swift and seamless handling of claims, minimizing disruptions and expediting resolutions.
AI and Data-Driven Risk Platform
Fairmatic utilizes a data-driven risk platform that measures and analyzes fleet driving behavior to identify areas of improvement. By employing AI and data science, the company can deliver actionable insights that help fleets reduce risks and save on insurance costs. The company's new R&D hub in Israel further scales its AI and data-science capabilities.
Mobile App and Broker Tools
Fairmatic offers a mobile app that allows for easy activation and management of fleet insurance. Additionally, the company provides brokers with tools such as fast quote, rate & bind, and competitive coverage options. These tools empower brokers to deliver efficient and competitive services to their clients.