InsureTech Connect is the world’s largest gathering of insurance leaders and innovators. As such, it’s the perfect place to discuss what happens when the largest venture fund invests the largest ever amount in an insurtech. Cambridge Mobile Telematics’ Co-founder and Chief Technology Officer, Hari Balakrishnan, and Andreas Hansson, partner at SoftBank, cover this topic in their discussion: “The Half-A-Billion Dollar Question.”
In December 2018, Softbank invested $500 million in CMT. Softbank and CMT share a vision to make all transportation safer; Softbank selected CMT for the scale and proven commercial value of its business model, its partnerships with top insurers, and because CMT uses telematics to not just change the economics of insurance, but for the purpose of increasing road safety.
With a shared vision, the partnership is accelerating the growth of CMT’s existing solutions and creating solutions focused on ridesharing and the future of mobility.
Watch the video below for the full discussion.