Supporting a Dynamic Marketplace

Yesterday at the ESG Integration Summit in Stockholm, we’ve met with executive leaders, directors, institutional investors, and experts on integrating the Nasdaq ESG guidance and framework for disclosure of company practices.
An important conference where we at Greater Than, amongst other companies shared and demonstrated our best practices on how we implement and practices ESG, when it comes to areas such as transparency and sustainable carbon emissions.
As part of one of the panels, Liselott Johansson, CEO at Greater Than had the opportunity to showcase how an AI scale-up B2B enterprise as Greater Than is, in partnership with large enterprises highly can contribute to their overall strive and work towards the ESG goals. By providing innovative solutions that taps in to every step in their value chain, we highly contribute to rapidly decrease CO2 emission at large.

Tags: ESG, GreaterThan, Insurtech, NasdaqFirstNorth

Greater Than opens subsidiary in Singapore

Greater Than opens subsidiary in Singapore in response to the growing business opportunities and increased demand for AI based risk insights and digital insurance solutions in the region.

The Singapore office is managed by Johan Forseke, with the responsible for sales and customer development in the ASEAN market, as well as delivering customer and technical support to both new and existing customers operating in insurance, fleet and OEMs sectors in the area.

“The new office reflects our ambition and dedication to providing high-end products and solutions in Singapore and surrounding regions with unparalleled, high quality delivering” said Johan Forseke “Singapore is a core market within the ASEAN region and it’s here were several innovation hubs are present. By establishing a base here, we are able to further expand our business and product offerings in the region as well as deepen our existing partnerships with AAS, MS First Capital Insurance Limited and ComfortDelGro at site.”

The opening of the new office in Singapore is part of Greater Than’s latest expansion strategy, a result of its strong performance over the last few years, which has seen demand for its AI based insurance solutions grow in foreign markets. Bringing the markets most reliable and competitively priced offering, Greater Than’s solutions and AI based insight into risk plays a vital role in the digitization process of many of the world’s leading insurance companies.

Tags: AI, GreaterThan, Insurtech, newmarkets, PredictiveAnalytics

Greater Than’s AI database reaches half a billion driving situations profiles that price risk in real time per individual car

Greater Than, leading provider of AI based underwriting and digital auto insurance software solutions, announced today that its database of autonomous deep machine learning and AI algorithms now has passed half a billion unique driving situation profiles used to identify and price risk in real time per individual car.

For many years, the insurance industry has waited and lagged a bit with real driving statistics and how it can be used to affect the price picture and lower damage costs. However, now new business models are here to take shape.

“As the only supplier in the world managing to price real-time risk, per individual driver and car, we’re constantly striving to provide stronger evidence and real insights about where the risk actually occurs for auto insurance carriers. With our database and AI, we can predict claims costs with almost incomprehensible accuracy and precision, which our business cases and partners today can provide the most outstanding evidence of,” says Sten Forseke, founder of Greater Than.

The advanced machine learning and artificial intelligence developed by Greater Than identifies the most subtle pattern and change in a driving behavior with 99.98 % accuracy by matching the driving behavior in real time per second to the company’s database of half a billion profiles of driving situations, no matter where in the world the driver is driving. Due to the geo-independency of the solution, Greater Than today provide its service to underwriters around the globe to support a mitigated risk and a reduction of overall claims costs.

“Through our AI, we’ve learned that the more riskful drivers accounts for 80% of the car insurance claims, not only by being involved, or of being the reason of the accident more frequently, but also by being involved in the accidents with highest damages and claims costs. Insights that of course creates enormous value for our customers,” Sten Forseke continues.

With a real-time insight into risk and claims frequency, insurers can for the first time accurately calculate risk and damage frequency and be able to price risk accordingly. Greater Than’s solution Enerfy scores the driving behavior in real time into 15 different risk levels. Where everything over 10 indicates a high-risk driving behavior.

Link to the pressrelease
Download the pressrelease as PDF

Tags: AI, connectedcars, digitalinsurance, Insurtech, realtimepredictions

Greater Than enters partnership with Zurich Insurance and Sixt Ireland

Greater Than now enters the Irish market by entering a partnership with Zurich Insurance UK and Sixt Ireland. With a common goal to increase safety and driver influence in the car rental industry, the partners will implement Greater Than’s AI-based, digital risk assessment platform on the entire Sixt car fleet on Ireland – giving more than 3500 vehicles a new, user-based management tool.

The partnership makes way for Zurich Insurance and car rental company Sixt on Ireland to integrate a user-based, digital risk assessment and fleet management solution on the entire Irish Sixt fleet. For Sixt customers the system aims to increase safety and reward a safe driving behavior, which is possible through technology from Greater Than that uses AI, machine learning and Big Data to calculate and price risk in real-time.

“We are continuously looking for innovative solutions that can enhance our business processes, and this AI-based tech platform is of great value for that advancement. Influencing drivers to drive safer is essential to us and this is another good example of thinking outside the box”, says Darren Stoddart, Senior Underwriter, Emerging Motor Risks at Zurich Insurance.

Zurich Insurance is one of the world’s leading multi-insurers that operates in more than 170 countries. The client Sixt Ireland is a part of the global Sixt Group, who provides high-quality mobile services in more than 2100 stations across the globe, managing a total fleet of more than 238 000 vehicles.

AI-based technology going global

Greater Than and its AI-based platform Enerfy offers real-time risk profiling and individual premium pricing for auto insurance. The growing company has established several insurance solutions in Northern Europe and Asia, while recently also entering a partnership with the global organization FIA, Fédération Internationale de l’Automobile, to create a new global competition, FIA Smart Driving Challenge.

“Joining forces with three major partners like Zurich, Sixt and Marsh demonstrates that our strategy to establish global presence is underway. This is a large step on our path towards international expansion” says Liselott Johansson, CEO at Greater Than.

The partnership was managed by Marsh, one of the global leaders in insurance broking and risk management with operations in more than 130 countries.

For pictures and more information, go to the Greater Than media bank here: News.cision.com/Greater Than

Tags: Greater Than, Insurtech, Sixt, Zurich Insurance