Humn.ai - Case Update

Insurance giant AON has acquired Humn.ai’s technology assets and IP three months after the company entered administration.

Adam Seres, James Cameron and David Baxendale of PwC were appointed as joint administrators of the London-based fleet insurance provider on 11 December. The company had been set up to develop RideShur, a cloud-based platform designed to give granular feedback on what behaviours caused accidents in an effort to lower insurance premiums.

The platform was launched in December 2021 and, although initial interest had been strong, revenues were limited. The company’s directors were unable to secure funding and the company entered administration. On the same day, a sale of the shares of subsidiary business Walsingham Motor Insurance Limited was completed, saving 11 jobs. This sale was not related to the RideShur platform.

Now, AON has announced its acquisition of Humn.ai's technology assets and IP, which it says will strengthen its commercial fleet proposition, providing its clients with a real-time view into commercial fleet performance to make better decisions to reduce accidents and lower the total cost of risk. The consideration for the sale has not been revealed.

The administrators have been assisted by CMS (legal). Their proposals (filed in January) can be found HERE.