Source: Reinsurance
Nirvana has built an AI-powered commercial insurance platform that fully integrates IoT data that is embedded in telematics devices across fleets, and has analysed over 20 billion miles of real-world driving. This data asset powers its proprietary AI models, delivering superior risk assessment, underwriting, pricing, claims processing, and an overall better customer experience.
Rushil Goel, Chief Executive Officer (CEO) of Nirvana Insurance, commented, “Nirvana is transforming the insurance experience with AI that helps us better understand the real world risk that every individual fleet presents. This investment allows us to scale our impact, ensuring fleets have access to personalised, real-time insurance solutions that reward safety – it’s a fairer approach for the fleets, and a more profitable approach for an insurance carrier.”
Abhay Mitra, Co-Founder and CTO, added, “Our technology integrates an exceptional breadth of data from sensors and across the insurance ecosystem. By harnessing this data with our suite of specialised AI models—from predictive analytics to large reasoning models—we deliver what matters most: more accurate pricing, faster claims resolution, and a dramatically simpler experience for our customers that traditional insurers simply cannot match.”
Read the full article: https://www.reinsurancene.ws/nirvana-insurance-secures-80m-in-series-c-funding-round/
