Aon announced its acquisition of the technology assets and intellectual property of Humn:ai, a move designed to enhance its commercial fleet services.
The strategic move by Aon underscores its commitment to enhancing its offerings in the commercial fleet sector, providing clients with a comprehensive view of fleet performance in real-time.
Utilizing artificial intelligence (AI), the platform offers actionable insights from various data sources, including driver behavior, vehicle metrics, and contextual data.
The risk environment for the mobility sector continues to grow in its scope and complexity. Whether dealing with global supply chain issues against an fraught geo-political backdrop, or managing a shortage of talent in critical areas like digital and data, mobility businesses cannot afford to be complacent when considering the risks that could derail their operations.
By integrating Humn:ai’s technology, Aon is well-positioned to provide unmatched value to its clients, helping them to manage fleet complexities with greater confidence and efficiency.
Curtis Scott, Aon’s executive vice president of Future Mobility and Digital Economy, remarked on the acquisition: “Fleet and mobility business models thrive on data-driven insights and custom risk transfer solutions to reach their full potential.
This acquisition fast-tracks our effort to deliver distinct value by integrating client, carrier, and environmental data, aiding our clients in better understanding their fleets to promote growth and performance
Curtis Scott, Aon’s executive vice president of Future Mobility and Digital Economy
Additionally, Aon plans to leverage this technology further by introducing a comprehensive risk analytics package. This package will offer refined insights derived from data across portfolio, fleet, and driver aspects, enhancing decision-making processes.
Aon’s goal with this AI-driven analytics is to enable both traditional and shared economy fleets to improve their operations, manage risks, and control insurance costs more effectively.
Humn:ai, founded in 2018, is a London-based insurtech company specializing in commercial fleet insurance through its dynamic product, Rideshur.
The company integrates real-time data and AI to improve fleet insurance, offering policies that adjust premiums based on actual risk exposure and driving behavior, rather than historical data.
This approach allows for more accurate and fair pricing, potentially reducing fleet accidents by up to 65% and saving customers up to 20% on insurance premiums.
In a London pilot, Humn:ai demonstrated its capability to provide cost savings of 15-20% for high-mileage vehicles, challenging traditional fleet insurance models. The Rideshur platform uses telematics data and a real-time risk pricing engine to adjust premium costs dynamically, considering factors like traffic, weather, and road types.
Following a $13.7 mn Series A funding round co-led by BXR Group and Shell Ventures, Humn:ai is focused on scaling up its operations.
The investment was aimed at further technological development, commercial expansion in the UK and select EU territories, and pursuing the goal of offering the first commercial insurance policy for autonomous vehicles.
by Peter Sonner
