Telematics provider ABAX enters new business sector, motor insurance, using AI analysis from Greater Than
ABAX, one of the largest telematics companies in Europe, has selected Greater Than as AI-analysis platform partner towards the insurance market. Enabled by the AI technology, ABAX is tapping into the commercial insurance market, launching a dynamically priced auto insurance offering in Norway for its B2B fleet customers.
The new insurance offering is a leap forward for ABAX in its continuous work analyzing mobility data to provide added value for its customers and fleets in the B2B market. With the dynamically priced offering, ABAX customers can benefit from increased transparency, and lower insurance cost through the Tryg insurance solution.
Greater Than is an AI data analytics company that predicts crash probability and CO2 impact per driver in real-time, revolutionizing auto insurance pricing and new business solutions for the automotive, new mobility and fleet industries globally.
The niche product development started with thoroughly analyzing the entire customer base, followed by strategically designing the most tailored, attractive, and competitive offer.
“Integrating the two platforms is a huge competitive advantage. The ABAX platform with real-time data, combined with the leading AI platform from Greater Than, will provide one of the best risk analysis tools in the insurance industry. This collaboration enabled us to develop the first B2B data-driven insurance solution together with Tryg Norway.“– says Morten Strand, CEO of ABAX
“It is exciting to work with ABAX on their journey into this new field of using mobility data in the insurance business for the B2B market. They break ground for the next generation of telematics. Their market expertise and our competence in risk analysis with precise pricing make us the perfect match to continue to disrupt and develop at a fast pace. “– says Liselott Johansson, CEO of Greater Than
Greater Than and ABAX entered their partnership in the spring of 2022 with the aim to combine ABAX’s ability to use and provide connected fleet offerings with Greater Than’s ability to transmit vehicle data via an API connection to Greater Than’s cloud-based AI data analytics for business development modeling.
For media inquiries, contact
Eva Voors, Chief Communications Officer, Greater Than
eva.voors@greaterthan.eu
+46 708 884 880
About Greater Than
Greater Than is an AI data analytics company that predicts crash probability and CO2 impact per driver in real-time, revolutionizing auto insurance pricing and new business solutions for the automotive, new mobility and fleet industries.Our AI has experienced the equivalent of 855,000 man-years of real driving and has to date discovered over 7 billion unique driver DNAs: learning that makes it the most experienced AI driver in the world.Greater Than is appointed as an InsurTech100 company and AIFinTech100 company and has been named Provider of AI Automotive Product of the year, 2021. Greater Than (GREAT.SE) is listed on Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Adviser, +46 (0) 8-528 00 399 info@fnca.se. Learn more at www.greaterthan.eu.
About ABAX
ABAX is one of the largest IoT companies with solutions for mileage claim, tool tracking, and equipment control with over 500.000 tracked units all over the world. In 2020 ABAX started a journey expanding into developing mobility data solutions entering new verticals like insurance and leasing, being the preferred data provider for the B2B industry in a wider scale. ABAX has over 300 employees and offices in Norway, Sweden, Denmark, Finland, United Kingdom, the Netherlands, Belgium, and Poland. The company headquarters are based in Larvik, Norway. Learn more at www.abax.com
