Ctrack partners Humn to offer commercial fleet solution

Tracking specialist Ctrack has teamed up with machine learning insurtech Humn to create a commercial fleet insurance proposition. Under the agreement, Ctrack Online, the web-based tracking solution, will be integrated with Humn’s data-driven insurance management system, Rideshur.

The integration will enable a usage-based premium, priced per trip in real-time, that considers location and driver performance alongside other risk factors such as weather, time of day and driver fatigue.

James Cowen, CCO of Humn, said: “Our insurance offering, working seamlessly with Ctrack Online, will be the smartest way of assessing and reducing risk for vehicles. As a result, we believe it can dramatically cut a fleet’s premium by reducing accident frequency by up to 65% and average claims cost by up to 25%.”

Steve Thomas, managing director of Ctrack, added: “We are working together with Humn to create a unique solution that delivers a comprehensive understanding of risk, so commercial fleets can cut insurance costs while improving road safety.”

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