​ClearConnect Solutions

Cohort: Cohort 8, 2022 

Focus in insurance value chain/workflow: Risk mitigation I Point of underwriting  

Founded: 2016 

Status: Operating, still in insurance 

Company type: Administration system, Data provider  

Head office: North America 

Main global offices: USA 

Locations served: USA 

Employee count: 11-100 

Insurers use ClearConnect Solutions' ClearTrac product to understand and mitigate commercial driver fleet risks. ClearTrac provides insurers with driver and vehicle history to assist with risk quantification. In addition, it analyses and monitors real-time driver and fleet data – helping commercial transportation insurers, reinsurers, program managers, coverholders and managing general agencies review and monitor driver and fleet risk. 

Primary focus product area whilst in the Accelerator: New sources of risk insight - data or models  

The Lab helped ClearConnect Solutions launch a new risk mitigation product to the London Market that increases efficiency, reduces losses, and moves toward predictive loss analytics based on real-time data. ClearConnect Solutions launched a fleet risk mitigation product whilst in the Accelerator and partnered with a number of London Market insurers.