Aon has acquired the technology assets and intellectual property of insurance provider Humn.ai Limited (Humn), which went into administration earlier this year, to bolster the broking giant’s commercial fleet capabilities.
Jillian Slyfield, Aon’s chief innovation officer, highlighted the boost the transaction will bring to the table, saying: “It is more important than ever for our fleet and mobility clients to have access to data-driven insights and tools that inform their risk and business strategies.
“[This] announcement is a testament to our ongoing investment in technology to build innovative offerings that address evolving client needs.”
As reported by Insurance Business, Humn entered administration earlier this year, with Adam Seres, David Baxendale, and James Cameron of PwC serving as joint administrators.
“The directors of Humn.ai Limited had been exploring strategic options to address the medium-term funding requirements of the company,” PwC noted at the time. “Despite extensive efforts and having exhausted all options, the difficult decision was taken by the directors to place the company into administration.”
Incorporated in 2017, Humn produced real-time data-driven fleet insurance. Now its platform will be integrated into Aon’s offerings, providing commercial fleet performance insights to clients to assist in reducing accidents and lowering risk costs.
“Fleet and mobility business models require data-driven insights and tailored risk transfer options to unlock their full potential,” Aon executive vice president of future mobility and digital economy Curtis Scott said.
“[This] announcement accelerates our progress toward delivering differentiated value by marrying client, carrier, and environmental data to help our clients better understand their fleets and drive growth and performance.”
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