InsurTech听Humn听has been backed by Shell Ventures听to expand听the roll-out of its听fleet insurance听product听throughout Europe.听
The London听firm听also announced new funding from听existing investor听Marbruck听Investments听and will also expand within the UK market.听
Founded in 2018,听Humn听has built a solution that consolidates听the traditionally separate categories of fleet insurance and risk management to solve an overriding customer requirement for more transparent fleet insurance.听听
Its听risk platform analyses over 500 鈥榠n vehicle鈥� and external data points to provide an entirely听contextual assessment of driver performance and a clear basis for the pricing of their dynamic insurance.听
Over the last year,听Humn听has secured an insurance licence听from the Financial Conduct Authority and insurance capacity with delegated underwriting authority.听Humn听is now rolling out听its听flexible data-driven insurance,听Rideshur, with select broker networks, distribution partners and fleets.听
鈥�Partnering听with Shell Ventures brings not only fresh听capital, but also an investor with a thriving global connected fleet business and expertise to share,鈥� said CEO and founder Mark Musson.听
鈥�We are looking forward to working with Shell and bringing our class-leading motor fleet insurance product with explainable exposure-based pricing to an even听wider audience.鈥�听