CTRACK TEAMS UP WITH HUMN TO LAUNCHCOMMERCIAL FLEET INSURANCE SOLUTION
Ctrack by Inseego has entered into a strategic partnership with Humn to provide aninnovative insurance proposition to commercial fleets. The two companies will bringtogether the latest advances in contextual risk data, fleet telematics and dynamic insurancepricing to help vehicle operators reduce their premiums by as much as 20 per cent.
“We are working together with Humn to create a unique solution that delivers acomprehensive understanding of risk, so commercial fleets can cut insurance costs whileimproving road safety,” explains Steve Thomas, Managing Director of Ctrack by Inseego.“Backed by data, the powerful, real-time insight ensures flexible and fair insurance based onwhere, how and when the vehicles are driven.”
As part of the agreement, Ctrack Online, the web-based tracking solution, will be integratedwith Humn’s data-driven insurance management system, Rideshur. This will enable ausage-based premium, priced per trip in real-time, that considers location and driverperformance alongside thousands of other risk factors such as weather, time of day anddriver fatigue. Through the analysis of the insight, the solution will also recommendremedial action to be taken with drivers to improve their behaviour on the road.
James Cowen, Chief Commercial Officer (CCO) of Humn commented: “Our insuranceoffering, working seamlessly with Ctrack Online, will be the smartest way of assessing andreducing risk for vehicles. As a result, we believe it can dramatically cut a fleet’s premium byreducing accident frequency by up to 65% and average claims cost by up to 25%. We areexcited by this strategic partnership with Ctrack and the significant opportunities it offersboth businesses moving forward.”