Fairmatic Accelerates Growth with Appointment of Jim Hinchley as President of Insurance

Insurtech 2.0 leader Fairmatic appoints commercial auto insurance trailblazer to serve as President of Insurance as it continues to expand its unique AI-powered commercial auto offering designed to reward safer driving with premium savings.

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Fairmatic, an insurtech 2.0 startup redefining commercial auto insurance by rewarding safety with savings, today announced Jim Hinchley's appointment as President of Insurance. Jim, who has led and built teams managing several billion dollars in premiums, is joining Fairmatic’s global executive team to help accelerate growth and bring innovative new insurance products to market. Since coming out of stealth in September 2022, Fairmatic has fostered a 25% safety improvement and cost savings among its insureds.

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Fairmatic serves businesses across a myriad of industries powering the economy, including artisan contractors, last-mile delivery, non-emergency medical transport companies, transportation networks and others. By providing businesses with an easy way to monitor driving safety, Fairmatic is giving businesses proactive control over how much they pay for insurance.

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Demand for Fairmatic’s data-driven insurance products is increasing and the company is expanding to serve more segments and types of fleet operations.  Jim Hinchley’s proven track record in forging new paths in the commercial auto insurance space makes him uniquely positioned to help Fairmatic enter its next growth phase.

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"Fairmatic is using advanced AI and machine learning technologies to flip the script on how commercial auto insurance risks are analyzed, priced, and delivered to fleets. Our vision is to make AI-powered insurance more ubiquitous. With Jim as President, Fairmatic will be well positioned to continue creating brand new commercial auto insurance products anchored on greater control over safety, costs, and operational efficiency.” --  Jonathan Matus, CEO and Founder at Fairmatic

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"What if your commercial auto insurance cost is up to you? Fairmatic has unlocked a solution to deliver commercial auto in a way that's never been done before. Businesses have historically struggled with overpriced auto insurance premiums that don’t reflect their unique risk profile. Today, for the first time, if you’re a fleet business, Fairmatic’s differentiated approach gives you control over premiums and arms with you insights to actively reduce it, month over month. I'm thrilled to lead Fairmatic's insurance division as we continue developing trailblazing solutions to make commercial auto insurance more differentiated, precise, fair, and safety-driven.” --Jim Hinchley, President of Insurance at Fairmatic

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