9 December 2019
2 min read

The insurance industry is digitizing

Woman is holding a phone showing an app

We’re happy to announce that we see clear growth and usage acceleration of our adjustable AI-based products and services.

During the second quarter of the year, the number of paying policyholders using our technology and platform increased by 41% compared to Q1 2019. Figures which testify to an increasing number of major insurers now taking a step towards digitization seriously with our AI-based platform Enerfy. We currently have a world-class AI-based product offering that with 99.98% accuracy, predicts real-time risk individually per car/driver. The power in our solution, the essence of our range, are allowing new insurance solutions and business models to take place. On top of the existing scope, Greater Than provides a whole new risk insight, which is crucial for improving profitability and a necessity for anyone who wants to develop new mobility services and subscription-based models, such as car sharing, car pools and car insurance.

With our world-unique AI-based platform Enerfy, our customers get full-function mobile insurance apps and a total overview of risk costs, pricing, and claims frequency.

During the first two quarters of the year, we have driven sales and development at full speed. On May 7, we launched our powerful and digital full service offering, Enerfy Global. The new offering immediately received a lot of attention and strengthened our position in new markets.

Our close cooperation with FIA (Federation de l’Automotive) has also borne fruit. During this spring, we were invited to the FIA’s annual conference in South Africa and given the opportunity to introduce FIA Smart Driving Challenge (FIA SDC) to over 500 decision-making representatives from racing and motor organizations worldwide. In just a few months, we have signed agreements with motor and mobility clubs’ and organizations now bringing out FIA Smart Driving Challenge on several markets.

I’m also happy to announce that FIA SDC now has participants enjoying the challenge in more than 20 countries, including Singapore, New Zealand, France, Ireland, and Germany, which is fantastic. We’ve also started to see the true effects of FIA SDC: after just a few weeks, participants reduced their risk for accidents by 30% by changing their driving behavior for the better. This is a fantastic result in the global work for a safer road environment and something that we are very proud of contributing to.