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15/04/2024 Insurance Innovation
SafeMode reshapes fleet insurance, cutting accidents by 30% and lowering claims costs. Our tech seamlessly promotes safer driving, boosting insurer and operator profitability with AI to transform driver behavior
Innovation details
Country
Israel
Category
Insurtech
Keyword
Business insurance, Customer acquisition & loyalty, Operational excellence & efficiency, AI & Generative AI, Prevention, ESG & Sustainability, Car & Mobility insurance, Reinsurance, Risk management, Mobility
Business Line
Commercial Insurance
Distribution Channel
Partners

Innovation presentation

SafeMode is revolutionizing the insurance sector by harnessing AI to dramatically reduce fleet accidents by 30% and cut insurance claims costs. Our technology leverages real-time data and behavioral science to transform driver habits, promoting safer driving practices that lead to substantial decreases in accidents and insurance claims. This not only reduces risks but also enhances profitability for insurers and fleet operators.

A testament to our innovation is our work with Amazon and Holmes Murphy’s Captive-ICS. Through a strategic partnership with ICS, SafeMode's implementation has directly improved Amazon's DSP (Delivery Service Partners) fleets by enhancing driver safety, reducing violations, and optimizing performance metrics critical for Amazon’s rigorous standards. This collaboration has led to a remarkable reduction in safety violations and a tangible improvement in operational efficiency, showcasing SafeMode’s pivotal role in reshaping how fleets manage risk and insurance.

By integrating seamlessly with existing systems, SafeMode boosts insurer and operator profitability, offering a powerful example of how innovative technology can redefine industry standards and outcomes. Our cutting-edge approach makes SafeMode a deserving candidate for recognition in transforming fleet insurance.

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