InsureVision Introduces TeslaStick and FleetVision: Innovative AI Tools for Video-Based Underwriting

Insurtech company InsureVision has launched innovative products—TeslaStick and FleetVision—focused on video-based driving risk assessment to enhance motor insurance underwriting. TeslaStick leverages Tesla’s built-in Dashcam to convert continuous video footage into underwriting-grade risk data, using a smartphone app that analyzes driving behavior with AI. This approach aims to address significant pricing failures in personal auto insurance. Meanwhile, FleetVision targets commercial fleets, extracting valuable data from dashcam footage to better assess driver behavior and risk, ensuring accurate pricing and identification of high-risk drivers. InsureVision’s proprietary “enviromatics” technology offers three times the predictive accuracy over traditional methods, optimizing insurance premiums based on real-time, observed behavior rather than assumptions. Supported by $2.7 million in seed funding from notable investors, including State Farm Ventures, InsureVision is strategically partnered with major insurers like Mitsui Sumitomo Insurance, revolutionizing the future of embedded insurance and risk management in the automotive industry.

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