Press Release
Connected Insurance Powers Voyager Global Mobility with an Advanced AI-Driven Insurance Technology
New York, Nov 2024
Connected Insurance (CI), a leader in AI-driven insurtech, has partnered with Voyager Global Mobility (VGM), one of the fastest-growing mobility operators in America.
VGM provides vehicles for ride-hailing, car-sharing, and last-mile delivery services. CI’s cutting-edge AI-powered platform addresses the complex insurance and risk management challenges faced by the mobility industry.
Through this collaboration, CI’s advanced technology powers a data-driven Usage-Based Insurance (UBI) program to deliver cost-effective, tailored insurance coverage for VGM’s rapidly expanding fleet.
VGM’s Growth and Challenges in the Mobility Space
Voyager Global Mobility (VGM) helps drivers access professionally managed, high-quality vehicles while managing the logistical challenges that come with fleet management. As VGM rapidly expanded its fleet to meet the growing demand in these industries, the company faced rising insurance costs, fragmented data across multiple systems, and inefficiencies in claims management with third-party administrators (TPAs).
“Managing risk at the scale we operate was becoming increasingly challenging. The fragmented data from multiple sources was holding us back. CI’s platform has given us real-time visibility, enabling us to streamline claims management and cut our insurance costs significantly.“
Sam Jurkowicz, EVP of Risk, Voyager Global Mobility.
To support this level of growth, VGM needed a more cost-effective and efficient insurance solution that could adapt to the evolving demands of the mobility sector.
The CI Platform: An AI-Powered Solution
Connected Insurance provided a cutting-edge AI-powered platform to address these challenges. CI’s platform unified fragmented data from VGM’s telematics providers, fleet management systems, and TPAs into a single, real-time platform. This empowered VGM to achieve full visibility over fleet operations and risk profiles, allowing for smarter, faster decisions that lowered costs and enhanced safety.
CI’s platform provides:
Real-Time Risk Management: CI’s AI algorithms continuously analyze fleet data, identifying potential risks and allowing VGM to implement proactive safety measures.
Dynamic Pricing with UBI: The UBI program adjusts premiums based on actual vehicle usage, ensuring VGM only pays for necessary coverage, resulting in up to 20% insurance cost savings.
Seamless Insurance Operations: Automated billing, reporting, and claims management streamline operational workflows, allowing VGM to scale its business without the burden of administrative tasks.
The Role of Key Partners
This transformative UBI program is powered by CI’s AI-driven platform, which aggregates and analyzes real-time data from VGM’s fleet. Christensen Group Insurance provided expert program development, while Crum & Forster brought innovative underwriting expertise. Together, these partners delivered a customized, data-driven insurance solution that sets a new industry standard for mobility insurance.
Looking to the Future
Looking ahead, CI is committed to further innovation. With plans to integrate additional data sources and refine AI-driven insights, this ongoing partnership with VGM will continue to push the boundaries of mobility insurance, ensuring future-proof solutions that keep pace with industry growth and evolving risks.
“At CI, we believe in pushing the limits of what technology can achieve in the auto insurance space. Our partnership with VGM is just the beginning of how AI can transform fleet management, delivering both cost savings and enhanced safety. We’re excited to continue innovating together and setting new standards for the industry.”
Tal Cohen, CEO, Connected Insurance.
Are you looking to protect your marketplace users, lower your overall risk cost or retain your members?
Schedule a call with us. We’ll show you how we can reduce your risk costs, improve customer experiences and create new revenue streams, while making your marketplaces safer.
