Fair uses extensive analytics and data insights to optimise the most equitable insurance premiums for the corporate vehicle fleets of companies. As a spin-off from ABAX, one of Europe’s largest telematics companies, Fair will launch with a unique initial offer to ABAX’s current customers in Norway, covering an extensive volume of over 200,000 connected vehicles.
Fair partners with the seasoned AI company Greater Than to produce predictive risk insights and to deliver fair and transparent car insurance. Eir, a fully digital insurance company, provides the insurance capacity and claims settlement for Fair’s technological platform.
CEO of Fair Insurance Jørgen Johanson Skalleberg commented, saying: “Fair was founded on the idea that car insurance can be significantly improved! Thanks to our data-driven insights, we can create tailored offers for all our potential customers. We calculate insurance premiums based on actual car usage, and from our launch in Sweden, we’ve seen substantial savings for our new insurance customers.”
Emma Dyga, CEO of the ABAX Group also stated: “The launch of Fair exemplifies how we can use relevant mobility data to accelerate business development while providing great value to customers. The unique aspect of Fair is that customers can continuously influence their risk and insurance costs. This is part of our strategy to offer value-driven services based on actual data in the future.”
The company also stated today that it intends to continue growing and hopes to launch in additional countries in the near future.
