Cover Whale Insurance Solutions is partnering with dreyhev to build a risk-based technology process to transform commercial auto insurance.
dreyev is an AI risk analytics company offering proprietary co-driver experiences that provide real-time risk alerts. Cover Whale is an InsurTech founded by insurance technology veterans with the mission of using data to make roads safer..
Cover Whale said the new approach used patented technology to analyse real-time driver actions and road traffic conditions, identify and correct dangerous driving before crashes occur, and improve its underwriting model and result in savings for safe drivers.
The InsurTech said the partnership with dreyev will create an “unparalleled data-centric platform to improve loss ratios, lower insurance premiums for safe drivers and make roads safer by saving lives.”
Dan Abrahamsen, CEO of Cover Whale, said, “Cover Whale’s existing AI-driven technology and underwriting process have allowed us to thoroughly outperform industry benchmarks to date. We view this partnership with dreyev as a catalyst into a world where our technology could prevent crashes before they happen, resulting in fewer lives lost and better pricing for our portfolio of safe drivers.”
Copyright © 2022 FinTech Global