5 years ago

Humn Secures Funding from Shell Ventures to Expand Fleet Insurance Solutions

  • British insurtech startup Humn has secured an additional seven-figure investment from Shell Ventures and existing investor Marbruck Investments

  • This funding will accelerate Humn's domestic and international roll-out as they grow their presence as the leading innovator of fleet insurance in Europe

  • Humn's risk platform analyzes over 500 data points to provide a contextual assessment of driver performance and dynamic insurance pricing

  • The company has secured an insurance license from the Financial Conduct Authority and insurance capacity with delegated underwriting authority

  • They are rolling out their flexible data-driven insurance, Rideshur, with select broker networks, distribution partners, and fleets.

      • ProblemFinancial Services

      "Fleet insurance is traditionally expensive and opaque, with separate categories for fleet insurance and risk management, making it difficult for businesses to understand their costs and manage their risks."

      Solution

      "Humn offers a data-driven fleet insurance solution that consolidates fleet insurance and risk management, providing transparent pricing and a clear understanding of driver performance. Their platform analyzes over 500 data points to provide a contextual assessment of driver performance and dynamic insurance pricing."

      Covered on