Cover Whale partners with dreyev
Cover Whale and risk analytics company dreyev are partnering to build “an innovative and adaptive risk-based technology process to transform today’s commercial auto insurance industry.” The new approach uses patented technology to analyze real-time driver actions and road traffic conditions, identify and correct dangerous driving before crashes occur, improve Cover Whale’s continuous underwriting model and result in savings for safe drivers.
Founded in 2017, NY-based dreyev provides the ability to intervene and correct risky driving. The company’s technology measures driver attention and driving risks in real-time, identifying driver personas and risk attitude. The patented behavioral monitoring and alert engine was developed by Dr. Maggie Stys, (co-founder and CEO), and Dr. Roberto Sicconi (co-founder and CTO) who were part of the original IBM Watson team.
“Cover Whale’s existing AI-driven technology and underwriting process have allowed us to thoroughly outperform industry benchmarks to date. We view this partnership with dreyev as a catalyst into a world where our technology could prevent crashes before they happen, resulting in fewer lives lost and better pricing for our portfolio of safe drivers.” – Dan Abrahamsen, CEO of Cover Whale.
“We are excited for this partnership to push the frontiers of commercial auto insurance by complimenting Cover Whale’s highly successful high-tech platform with our patented behavioral AI technology. Our technology recognizes signs of distraction or drowsiness and can alert drivers to potential crashes well before they occur. dreyev’s real-time, in-vehicle coaching system evaluates driver attention and responsiveness to road and traffic conditions, preventing crashes, and reducing loss.” – Dr. Maggie Stys, CEO of dreyev.