Leading Australian insurance group DKG launches new dynamic insurance offer for fleets using Greater Than’s AI technology
- With over 50 years of experience, DKG Group (DKG) is one of Australia’s only providers of behavior-based insurance combined with claims management solutions.
- DKG will launch Fuse Fleet, a dynamic insurance solution that rewards safe driving and enables accurate pricing of premiums.
- Fuse Fleet will utilize Greater Than’s unique pattern AI technology to convert GPS data into crash probability insights.
Greater Than (GREAT: ST), the global provider of driver crash probability and climate impact intelligence, today announced a partnership with DKG, one of Australia’s leading providers of innovative risk measured insurance solutions. DKG will launch Fuse Fleet, a behavior-based insurance solution that will revolutionize the Australian market, using Greater Than’s unique pattern artificial intelligence (AI) technology.
“Our mission is to transform the way fleet operators manage risk by rewarding safe driving with our digital insurance offering for safer fleets and lower premiums,” said Luke Kelly, Managing Director of DKG. “As a result of using Greater Than’s AI technology, we can now provide fleet management companies, fleet operators, brokers and telematics partners with deeper risk insights including crash probability. These insights benefit fleets through risk mitigation and accurate, transparent insurance premiums.”
The Australian fleet market consists of approximately 485,000 businesses operating around 3.9 million vehicles*. With no truly dynamic insurance offer currently tailored to their needs, Fuse Fleet aims to offer greater control to fleets and telematics partners.
Using Greater Than’s AI, Fuse Fleet will uncover new layers of driving intelligence by connecting existing telematics data through an API. Thanks to its predictive capabilities, the AI will turn GPS data into a Crash Probability Score for every driver. Fuse Fleet will use the intelligence to provide fleets with insights about driving habits and recommendations to improve safety. Importantly, Fuse Fleet will utilize the risk insights to accurately price insurance premiums. To cement the customer offering, Fuse Fleet will deliver fully digitally enabled claims management solutions designed to maximize performance, minimize downtime and ultimately reduce the claims lifecycle.
“Our vision is to enable all users of GPS data to see the future and, in this partnership with DKG, we’re delighted that our Crash Probability Score is facilitating a dynamic insurance offer that delivers road safety benefits and enables fair insurance pricing to the Australian market,” said Johanna Forseke, Chief Business Officer at Greater Than. “With no additional technology required, telematics providers and their fleet customers can benefit from new risk insights to support safety goals as well as reduced insurance premiums for lower risk driving.”
Fuse Fleet will launch across Australia in April 2023.
* ACA Research.
Press contact, Greater Than:
PR@greaterthan.eu
+46 855 593 200
www.greaterthan.eu
Press contact, DKG:
simond@fusefleet.com.au
+61 423 343 662
www.fusefleet.com.au
About Greater Than
Greater Than is a driving data analytics company that specializes in understanding driver impact on the roads. Through the power of artificial intelligence (AI), Greater Than converts GPS data into driver scores that predict crash probability and climate impact. The scores can be further enhanced with additional intelligence including an analytics dashboard, prevention tool, and summary reports.
Insurance companies, underwriters, fleet solution providers, mobility providers and other owners of GPS data use Greater Than’s analysis to optimize driver risk management, achieve insurance profitability, manage sustainability & ESG reporting, and monetize GPS data. Greater Than (GREAT: ST) is listed on Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Adviser. Learn more at www.greaterthan.eu.
About DKG Group
DKG Group is a leader in the insurance industry in Australia, with over 50 years of experience. Our mission is to provide tailored, risk measured solutions to corporate customers and individuals. More specifically, within the motor fleet sector, we deliver unrivaled expertise with our innovative and diverse range of insurance, claims management and telematics integration solutions, solidified by our 35 year relationship with Australia’s largest insurance group.
DKG was a founding member of the Steadfast Group, Australia’s largest general insurance broker network. DKG leverages Steadfast’s scale to ensure customers have access to a wide range of insurance companies and products, exclusive policy options and competitive pricing.
