Fairmatic
Founded Year
2019Stage
Series B | AliveTotal Raised
$88MLast Raised
$46M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+45 points in the past 30 days
About Fairmatic
Fairmatic is a company that provides commercial auto insurance for fleets. Their services include offering insurance coverage that is based on driving behavior and includes telematics data analysis to assist in fleet safety. The company serves the commercial auto insurance sector, focusing on fleets and insurance brokers. It was founded in 2019 and is based in San Francisco, California.
Loading...
ESPs containing Fairmatic
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The insurtech managing general agents — commercial lines property & casualty market comprises insurtech managing general agents (MGAs) that provide commercial lines property & casualty (P&C) insurance. These companies primarily focus on niche coverage areas such as (but not limited to) commercial flood, drone coverage, fleet insurance, professional liability, and more. Also included in this market…
Fairmatic named as Challenger among 15 other companies, including Coterie Insurance, SageSure, and Vouch.
Fairmatic's Products & Differentiators
Fairmatic
Through the power of AI, Fairmatic intelligently blends a combination of a UBI program, pay-per-mile insurance, and driving habit analysis to unlock savings for our customers. We adjust pricing based on how well insureds are driving, along with total commercial miles driven - so safer driving unlocks better insurance rates and vehicles who do not drive do not incur any costs. This provides much needed flexibility and control for fleets who would otherwise be burdened by their mounting insurance costs. Numerous providers in the industry require customers to wait a year, then on renewal, can get rated for the following year. Our platform enables fleets to realize savings much sooner (throughout insured’s entire policy & pre-renewal).
Loading...
Research containing Fairmatic
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Fairmatic in 2 CB Insights research briefs, most recently on Feb 23, 2024.
Feb 23, 2024
The B2C US insurtech market map
May 9, 2023 report
State of Insurtech Q1’23 ReportExpert Collections containing Fairmatic
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fairmatic is included in 5 Expert Collections, including Insurtech.
Insurtech
4,417 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Insurtech 50
50 items
Fintech 100
100 items
Artificial Intelligence
7,146 items
Latest Fairmatic News
Dec 18, 2024
MS&AD Ventures, the corporate venture fund of MS&AD based in Silicon Valley, has increased the fund amount by $100 million, bringing the total amount under management to $400 million. Established in 2018, MS&AD Ventures has invested in 112 companies including Accelerant, Fairmatic, Hippo, and Next Insurance. The firm focuses on startups in a variety of areas such as insurtech, fintech, life & health, sustainability, mobility, and AI. Share this A really good email covering top news. Leave this field empty if you're human: Related Posts
Fairmatic Frequently Asked Questions (FAQ)
When was Fairmatic founded?
Fairmatic was founded in 2019.
Where is Fairmatic's headquarters?
Fairmatic's headquarters is located at 201 Spear Street, San Francisco.
What is Fairmatic's latest funding round?
Fairmatic's latest funding round is Series B.
How much did Fairmatic raise?
Fairmatic raised a total of $88M.
Who are the investors of Fairmatic?
Investors of Fairmatic include Bridge Bank, Battery Ventures, MS&AD Ventures, Assaf Wand, Foundation Capital and 8 more.
Who are Fairmatic's competitors?
Competitors of Fairmatic include Nirvana and 1 more.
What products does Fairmatic offer?
Fairmatic's products include Fairmatic.
Loading...
Compare Fairmatic to Competitors
Allegory `works as a company that operates within the mobility sector and provides a mobile application with features including driving performance analytics, family safety solutions, and an insurance wallet. The application is designed to assist with mileage tracking for tax purposes. It was founded in 2019 and is based in Toronto, Canada.
Dairyland Insurance Company specializes in vehicle insurance within the insurance industry. The company offers a range of insurance products for automobiles, motorcycles, ATVs, snowmobiles, dirt bikes, scooters, and mopeds, designed to provide protection and support for various customer needs. Dairyland also caters to nonstandard auto insurance for high-risk drivers or those with unique insurance requirements. It was founded in 1953 and is based in Stevens Point, Wisconsin.
Sunshine Property and Casualty Insurance offers property damage insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accidental injury insurance. The company also offers reinsurance regarding property and casualty. Sunshine Property and Casualty was founded in 2005 and is based in Beijing, China.
Allianz Australia provides insurance products and services in the personal and commercial sectors, offering solutions including car, home, life, travel, and business insurance. The company serves individual consumers and businesses. Allianz Australia was formerly known as Manufacturers Mutual Insurance. It was founded in 1914 and is based in Sydney, New South Wales.
Frontline Insurance provides home and commercial property insurance. The company offers insurance solutions focused on state-specific coverage options. Frontline Insurance serves coastal homeowners and commercial property owners in the Southeast United States. It was founded in 1998 and is based in Lake Mary, Florida.
American Family Insurance (AMFAM) specializes in a range of insurance products. It offers insurance coverage options for vehicles, homes, lives, and businesses, and provides protection and financial security for its clients. Its primary customer segments include individuals and businesses seeking insurance solutions. It was founded in 1927 and is based in Madison, Wisconsin.
Loading...