Roamly Launches Fully AI-Powered Carshare Insurance
Roamly, an InsurTech company focused on AI-driven insurance solutions for shared mobility and fleet management, has introduced its AI-powered Carshare insurance platform. This new offering targets a key challenge for fleet operators: insurance costs, often their largest operational expense.
The platform simplifies insurance coverage while enabling operators to scale efficiently. It leverages machine learning, telematics, and generative AI to deliver smarter, more adaptive insurance products.
Advanced Technology and Industry Recognition
Roamly recently received the Celent Innovation Execution Award for its proprietary Actuarial Rater™ technology. Additionally, the company became a Lloyd’s of London Coverholder, which broadens its global underwriting capabilities.
Embedded Insurance for Fleet Management
The Carshare insurance is the first commercial vehicle insurance fully embedded within a fleet management SaaS tool. It currently covers 7,000 vehicles across the nation and allows operators to:
- Manage fleets seamlessly
- Accept direct bookings
- Optimize revenue streams
- Meet various state-level compliance requirements
Roamly expects coverage to grow beyond 12,000 vehicles by the end of 2025.
Automation and Real-Time Risk Assessment
The platform integrates with marketplaces and mobility providers, automating key insurance functions such as claims processing, underwriting, and risk assessment. It supports multiple use cases including carsharing, ridesharing, personal use, and idle periods.
Jeff Cavins, Roamly CEO, stated: “Insurance has historically been a barrier for shared mobility operators, often representing their single largest expense. With our AI-powered Carshare solution, we’re breaking down that barrier—offering scalable, affordable, and fully embedded insurance coverage that helps operators grow with confidence.”
This approach offers insurance professionals a clearer path to managing shared mobility risks with AI-enabled tools that reduce costs and improve operational efficiency.
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