The two companies will bring together the latest advances in contextual risk data, fleet telematics and dynamic insurance pricing to help vehicle operators reduce their premiums by as much as 20%.
Steve Thomas, managing director of Ctrack by Inseego, said: “We are working together with Humn to create a unique solution that delivers a comprehensive understanding of risk, so commercial fleets can cut insurance costs while improving road safety.
“Backed by data, the powerful, real-time insight ensures flexible and fair insurance based on where, how and when the vehicles are driven.”
James Cowen, chief commercial officer of Humn, added: “Our insurance offering, working seamlessly with Ctrack Online, will be the smartest way of assessing and reducing risk for vehicles.
“As a result, we believe it can dramatically cut a fleet’s premium by reducing accident frequency by up to 65% and average claims cost by up to 25%. We are excited by this strategic partnership with Ctrack and the significant opportunities it offers both businesses moving forward.”