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Insurance broker Aon has purchased UK insurtech company Humn.ai’s technology assets and intellectual property.
Financial terms of the transaction were not disclosed.
Aon said this acquisition is set to enhance its commercial fleet proposition by providing clients with a real-time view of fleet performance.
The technology is expected to aid in better decision-making to reduce accidents and lower the total cost of risk.
The integration of Humn.ai’s artificial-intelligence (AI)-powered platform into Aon’s services will offer actionable insights based on driver, vehicle and contextual data.
It is expected to be beneficial for both traditional and sharing economy fleets as they manage overall risk and insurance costs.
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By GlobalData
Aon said its investment in this technology further advances its analytics, insights and technology for fleet and mobility clients.
Now, Aon plans to expand the reach of the technology with the launch of a comprehensive risk analytics suite.
This suite promises to deliver personalised, data-driven insights at the portfolio, fleet and driver levels.
Aon executive vice-president of future mobility and digital economy Curtis Scott said: ”Fleet and mobility business models require data-driven insights and tailored risk transfer options to unlock their full potential.
“Today’s announcement accelerates our progress toward delivering differentiated value by marrying client, carrier and environmental data to help our clients better understand their fleets and drive growth and performance.”
Earlier this month, Aon appointed Rishi Mehra as its head of India, effective immediately.
Mehra with other top executives will focus on unifying Aon’s services across risk, health, wealth and talent consulting in India under a single leadership model.
Last month, Aon cleared the antitrust waiting period for its $13.4bn acquisition of NFP, a property and casualty broker catering to the middle market.
