Humn is an insurtech startup that has built a solution that consolidates the traditionally separate categories of fleet insurance and risk management to solve an overriding customer requirement for more transparent fleet insurance.
Humn is focused on building machine learning into the things that people use every day.
Humn was founded in 2018 by Mark Musson. The company is headquartered in London, London, United Kingdom.
Humn launched its first product called Rideshur, a category consolidator delivering a first of its kind vertically integrated risk management and insurance solution for commercial motor that provides fleets with real-time risk management insights and insurance pricing.
Humn has helped its customers by reducing their claims cost by 24%, accident frequency by 65% and insurance premium by 10%. Their risk platform analyses over 500 ‘in vehicle’ and external data points to provide an entirely contextual assessment of driver performance and a clear basis for the pricing of their dynamic insurance.
Humn is backed by Shell Ventures, Insurtech Gateway, Marbruck Investments, and BXR Advisory Partners. The company raised a new financing on Jan 11, 2021. Humn has raised a total of £4.7M in funding to date.
Humn has gained industry recognition through leading insurtech awards including Insurtech 100 2020, Red Herring – Europe Top 100 Winner 2020, Startup Grind: Silicon Valley: 2020 Alumnus as well as being part of 3 Plug and Play InsurTech cohorts in 2020 (Munich, Singapore and San Francisco).