HUMN.ai
Humn.ai offers innovative insurance solutions with real-time risk assessment and personalized premiums, supported by their Rideshur platform for fleet safety and driver behavior insights.
Insurance Policies Offered by HUMN.ai
HUMN.ai offers two main insurance policies: 'Pay How You Drive' and 'Annual Plus'. The 'Pay How You Drive' policy calculates premiums in real-time using driving data combined with environmental risk analysis. This allows for a more dynamic and responsive insurance model. The 'Annual Plus' policy integrates traditional annual billing with contemporary risk management solutions to better cater to modern fleet needs. Both policies are designed to leverage technological advances for improved efficiency and personalization.
HUMN.ai's Rideshur Platform
The Rideshur platform by HUMN.ai provides real-time insights into driver behavior and fleet safety. Using telematics data, Rideshur tracks vehicles and analyzes trips in real-time, offering a comprehensive 360-degree risk assessment for each journey. The platform combines vehicle control, environmental risk, and driver fatigue data to give fleet managers a complete picture. Additionally, it enables the management of policy changes and claims from a single interface, making it a valuable tool for fleet management.
Partnerships and Acquisitions by HUMN.ai
HUMN.ai has established key partnerships to enhance its service offerings. Notably, it collaborates with Gallagher Bassett International for motor claims handling. In December 2021, HUMN.ai expanded its market presence by acquiring Walsingham Motor Insurance Limited. These strategic alliances and acquisitions underpin HUMN.ai’s commitment to delivering comprehensive and efficient insurance solutions.
Funding and Regulatory Information
HUMN.ai raised £10.1 million in Series A funding from notable investors BXR Group and Shell Ventures. The company is duly registered in England and Wales under company number 11032616 and is authorized and regulated by the Financial Conduct Authority under firm reference number 923700. This solid financial backing and regulatory compliance highlight HUMN.ai's credibility and growth potential in the insurance sector.
Fleet Insurance Solutions by HUMN.ai
HUMN.ai provides insurance for a wide range of fleet types, including general fleets, couriers, private hire taxis, public hire taxis, and public sector vehicles. The company offers personalized premiums based on driver performance and fleet environmental risk, leveraging advanced machine learning techniques. Notably, telematics devices are provided free for the first year of the policy, and features like personal accident cover and unauthorized use cover are included. There is also a rebate potential on the Annual Plus policy based on fleet safety and claims ratio targets.