Integrating the two systems seeks to allow users to take full advantage of both Tia and Radar Live for frequent rate adjustments and the ability to build more complex tariffs.
Having operated under the Skywatch.AI brand, VOOM will continue to offer on-demand drone insurance and will widen its services to additional episodic usage mobility platforms including e-scooters and powersports.
The partnership aims to provide tools to help shared mobility companies better identify and understand risks, and thus control losses.
The insurer’s implementation project culminated in the launch of a new underwriting company for a new multivariate auto product, as well as introduction of Grinnell’s Home-Guard product.
Offering the option to use Kespry drones or integrate a clients existing DJI drone fleets, the new program includes a platform pricing model to drive inspection productivity and profitability.
The former Marsh executive founded RiskMatch, an insurance intelligence company, and guided the firm through a period of sustained, rapid growth.
John Lichtenstein will serve as Principal Scientist, and Arash Abadpour has been named Computer Vision Scientist.
Insurers are looking to technologies such as telematics, video cameras, and cellphone blockers, as well as the data captured by these innovations, to help assess and price risk more accurately than ever before and ultimately reverse the trend of unprofitability in commercial auto.
The Series B funding round, led by True Ventures, brings total funding to $22.25M and will be used accelerate international expansion across insurance, agriculture, government and environmental markets.
The solution will enable to make insurance-to-value decisions for underwriting and policy renewals with greater speed and precision.