Inigo Limited, a leading insurance provider, has partnered with Samsara in a bid to revolutionise insurance solutions for commercial fleets in the United States.
By leveraging Samsara’s telematics data, Inigo intends to introduce an innovative, data-driven insurance product which will enhance capacity and improve risk analysis in the US automobile sector.
This initiative will particularly benefit large fleets by offering pricing models that take into account individual telematic outputs and incorporate safety metrics in risk analysis. By integrating telematics data with advanced modelling and risk management techniques, Inigo aims to enhance risk selection processes and provide tailored pricing solutions.
Marsh has partnered with Inigo to distribute its product throughout the US, with the placement of this new insurance solution to be facilitated by their International Placement Division in London. Launched earlier this year on January 1, 2024, it has garnered substantial interest from major players in the trucking industry.
Craig Knightley, Insurance Chief Underwriting Officer at Inigo, commented, “Our core belief is that data science can provide different perspectives on risk. When we met with Samsara and realised just how effective their product is, we knew that working together, we could find an innovative new product for the market. We believe analysis of different datasets has demonstrated that a robust deployment of Samsara’s telematics and safety solutions will lead to a much better understanding of fleet performance and management, making a material impact on loss frequency and serving to make the roads safer. We see a further opportunity to work with clients to help them understand and contain risk to unlock business potential.”
Samsara’s IoT gateways and AI Dash Cams have the capability to capture telematics and driver safety data in real-time, streamlining reporting processes and automating workflows.
By leveraging the Samsara platform, businesses can promote safer driving habits, facilitating efficient data analysis to identify risk exposures early on and mitigate potential losses. Moreover, the policy structure offered ensures clients receive comprehensive and affordable coverage, with upfront subsidies available for hardware and installation costs.
Ursula Worth, VP of Channel Sales & Strategic Partnerships at Samsara, added, “We’re thrilled to welcome Inigo into Samsara’s growing ecosystem as our latest insurance partner. By leveraging data from our platform to help provide more accurate risk assessments, Inigo is taking an innovative and data-driven approach to improving safety standards and encouraging safer driving behaviour among some of the biggest names in the fleet industry.”
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