Aon acquires AI-powered platform to strengthen commercial fleet proposition

Global re/insurance broker Aon, has acquired Humn.ai’s technology assets and intellectual property, in a move that is set to strengthen the firm’s commercial fleet proposition.

According to Aon, this new capability will provide the company’s clients with a real-time view into commercial fleet performance to make better decisions in order to reduce accidents and lower the total cost of risk.

While managing overall risk and insurance costs, the AI powered platform provides actionable insights, that are based on driver, vehicle and contextual data to help both traditional and sharing economy fleets.

Aon noted that this investment builds on the firm’s market position by further advancing its industry analytics, insights and technology to serve fleet and mobility clients.

Aon also confirmed that it is now expanding the reach of this technology, as the company plans to launch a comprehensive risk analytics suite.

According to the firm, the suite will deliver highly personalised data-driven insights at the portfolio, fleet and driver level.

Jillian Slyfield, chief innovation officer at Aon, commented: “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. Today’s announcement is a testament to our ongoing investment in technology to build innovative offerings that address evolving client needs.”

Curtis Scott, executive vice president of Future Mobility and Digital Economy at Aon, said: “Fleet and mobility business models require data-driven insights and tailored risk transfer options to unlock their full potential. Today’s 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.”

Aon is certainly no stranger to AI technology.

If you recall, in the firm’s Global Insurance Market Insights report for the third quarter of 2023, Aon highlighted how insurance policies can potentially address AI risk through affirmative coverage, specific exclusions, or by just “remaining silent”, which ultimately creates ambiguity.

In October 2023, the re/insurance broker transformed its reinsurance claims processing with the use of The Appian Platform, an AI-powered process platform that helps design, automate, and optimise complex processes.

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