Aon acquires technology assets of in-administration insurtech

Aon has acquired the technology assets and intellectual property of Humn.AI to strengthen its commercial fleet proposition.

Insurtech Humn.AI went into administration in December 2023, with PwC’s Adam Seres, James Cameron and David Baxendale being appointed as joint administrators.

Based in London, the firm produces real-time and data-driven fleet insurance.

Its artificial intelligence (AI) platform also provides actionable insights based on driver, vehicle and contextual data to help both traditional and sharing economy fleets.

Broker Aon said the acquisition would help fleet and mobility clients make better decisions to reduce accidents and lower the total cost of risk.

“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,” said Jillian Slyfield, chief innovation officer at Aon.

“This announcement is a testament to our ongoing investment in technology to build innovative offerings that address evolving client needs.”

Expansion

Aon said it would also expand the reach of this technology to launch a comprehensive risk analytics suite that will deliver personalised data-driven insights at the portfolio, fleet and driver level.

“Fleet and mobility business models require data-driven insights and tailored risk transfer options to unlock their full potential,” said Curtis Scott, executive vice president of future mobility and digital economy at Aon.

“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.”