Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Greater Than AB
  6. News
  7. Summary
    GREAT   SE0005881554


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Greater Than : AI-based motor insurance offering approved in Arizona, USA

07/01/2021 | 08:25am EDT

The Insurtech 100 company Greater Than today announced that The Arizona Department of Insurance approves the company's personalized AI-based pricing embedded into a new dynamic motor insurance offering. Greater Than's partner in the US, CoverCube, will launch the new offering in Arizona during fall 2021, together with the insurance carrier Aegis Security, licensed in 50 states in the US.

"To be approved by the authorities in Arizona is a giant acknowledgement of our AI-based motor insurance offering. We're very excited for what can be accomplished and how we highly can improve people lives by fewer accidents and decreased carbon footprint in Arizona", - said Liselott Johansson, CEO of Greater Than

By inserting Greater Than's AI analytics and pricing into the process, CoverCube and Aegis Security will accurately price risk and gain tools to nudge and inspire safer and more environmentally friendly driving. In addition, the insurance solution is known to speed up the underwriting process and reducing overhead for claims and administration.

"The historic car insurance industry must fundamentally change and become more simplified, fair, and transparent, providing individualized customer pricing for safe driving. With the help of Greater Than's AI technology, CoverCube and our partner Aegis Security, we will together launch the most modern and dynamic car insurance in the US", - said John Crispi, Founder and CEO of CoverCube

Greater Than's AI technology holds seven patents in the US. The AI technology trains constantly on new and billions of historical driving patterns whilst assessing the driving risk and CO2 emission in real-time. The patented and unique AI method enables entirely new ways to predict, understand and price driving risks.

"We're embracing the future of insurance, having a significant focus on the customer experience. By leveraging Greater Than's AI data analytics and Covercube's underwriting expertise into our mix of products, we're firmly positioned to meet the increasing demand for much more flexible, dynamic, and transparent motor insurance products", - said Pat Kilekenny, chairman of Aegis Security.

About CoverCube

CoverCube is a full stack General Agency that offers innovative insurance products and services for carriers and reinsurers. Incepted in 2021, Covercube brings over 20 years of management experience in the P&C space with emphasis on the growth of the independent agency distribution channel. CoverCube's innovative pricing allows independent agencies to compete with captive carriers and direct writers by offering an alternative to traditional and out-dated pricing methods. For more information, please visit www.covercube.com.

This disclosure contains information that Greater Than is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-07-202114:24 CET.

For media inquiries or for more information contact;

Eva Voors, Chief Communications Officer

+46-708 884 880

About Greater Than

Greater Than is an AI and Insurtech company, providing predictive risk analysis on claims frequency and cost - helping insurance carriers and smart mobility with better pricing of premiums, smarter customer retention and targeted customer acquisition.

Based on our patented and world-leading AI - with over 17 years of training and more than a billion unique driving profiles - Greater Than offers a product portfolio of SaaS services and apps for dynamic pricing, car sharing, fleets, leasing and driver gamification. Greater Than partners with great organizations such as Zurich, MSIG, Toyota KINTO, Microsoft and FIA.

FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se is Certified Adviser. Greater Than is listed on Nasdaq First North Growth Market. www.greaterthan.eu. 




(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about GREATER THAN AB
09/21GREATER THAN : and TomTom Align on a Proof of Concept to Create Safer Roads
09/09GREATER THAN : KINTO launches world leading P2P car-sharing service based on technology fr..
08/25Greater Than AB Reports Earnings Results for the Second Quarter Ended June 30, 2021
07/01GREATER THAN : AI-based motor insurance offering approved in Arizona, USA
07/01Greater Than AB Announces That It's Ai-Based Motor Insurance Offering Approved in Arizo..
06/21GREATER THAN : AI revolutionize motor insurance underwriting
06/04GREATER THAN : Welcome Ambra, our Head of Growth for FIA Smart Driving Challenge
06/03GREATER THAN : KINTO and Greater Than expand their collaboration in Japan
05/27GREATER THAN : Meet Eva Voors, our Chief Communications Officer
05/27GREATER THAN : Johanna Forseke appointed CEO of Greater Than's subsidiary in Sweden
More news
Sales 2021 25,7 M 2,96 M 2,96 M
Net income 2021 -18,2 M -2,10 M -2,10 M
Net cash 2021 125 M 14,4 M 14,4 M
P/E ratio 2021 -64,0x
Yield 2021 -
Capitalization 1 260 M 145 M 145 M
EV / Sales 2021 44,2x
EV / Sales 2022 8,91x
Nbr of Employees 25
Free-Float 58,6%
Duration : Period :
Greater Than AB Technical Analysis Chart | GREAT | SE0005881554 | MarketScreener
Income Statement Evolution
Mean consensus BUY
Number of Analysts 0
Last Close Price 99,80 SEK
Average target price 106,50 SEK
Spread / Average Target 6,71%
EPS Revisions
Managers and Directors
Annika Liselott Johansson Chief Executive Officer
Markus Waldenstr÷m Chief Financial Officer
Lars Magnus Berg Chairman
Anders Lindel÷f Chief Technology Officer
Maria Kristina Th÷rner Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ADOBE INC.29.15%307 702
WORKDAY INC.12.76%67 005
AUTODESK, INC.-7.12%62 259
TWILIO INC.1.65%60 957