Hartford InsurTech Hub - 2020
Stable is a distribution and analytics platform for consumers of commercial auto insurance. We are focusing on the rideshare and on-demand economy/mobility segment of the commercial auto space. Stable help drivers, fleets and mobility companies better understand their risk and match that risk to coverage. Insurance coverage is placed in mere minutes with our process, compared to 1-3 business days on average when sold by brokers leveraging very little technology.
On top of a radically improved process for purchasing insurance, Stable offers risk analytics tools for fleets and commercial operators to better understand and improve their overall risk profile. The data we collect to help vehicle owners analyze risk will also be of benefit to our strategic insurance partners. It may help us lower the high loss ratios seen across the commercial auto space over the last decade.