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Fairmatic raises $46M to bring AI to commercial auto insurance
With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% nationally over the past year, according to a study from Bankrate.com. Home insurance, meanwhile, climbed 12.1% year-on-year, Policygenius found. But Jonathan Matus argues that it doesn’t have to be that way. He’s the founder of…
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Zendrive spins out commercial insurance startup
Zendrive spins out commercial insurance startup
Insurance telematics provider Zendrive has announced the spin-out of a new commercial insurance company, Fairmatic, which will leverage Zendrive’s data for commercial fleet insurance. Zendrive co-founder and chief technology officer Pankaj Risbood has been appointed as Zendrive CEO, with co-founder and CEO Jonathan Matus transitioning to become chairman of the board and founding CEO of…
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