2017 was an amazing year for TrueMotion. We landed some of the biggest names in the industry and have partnered with 5 of the top 10 and 8 of the top 20 insurers in the US. This is remarkable considering we had only one customer in 2015. We are proud to work with Progressive, Nationwide, Travelers, MetLife, American Family, Safety, and many others, including the biggest carriers in Europe and Canada. These deals aren’t simple trials – they’re substantial multi-year contracts where our platform is powering UBI data that’s being used to actively price risk. Progressive is pricing policies in nearly all 50 states with data powered by our smartphone telematics and analytics.
We brought in new leadership to scale the business in 2017 and beyond. In June, Ted Gramer joined as CEO. Ted comes armed with an incredible breadth and depth of industry experience, including nearly a decade as Chief Claims Officer at Liberty Mutual. We’ve also strengthened our leadership team with senior roles for our Claims and Fleet products and Customer Success team.
We’ve amped up our support for Europe with telematics veterans who are leading sales out of London and Milan. The team here in Boston has grown to over 50 people and we’ve just opened a second office in Budapest, which is also growing quickly. We’re currently hiring heavily for our data science and engineering teams, along with a number of other exciting positions. (Apply here if you enjoy taking on big challenges, changing the world, and having a blast while doing it.)
As our customer base grows and their needs evolve, data access is becoming increasingly important. Carriers need quick and easy access to our data to make smarter decisions and develop more sophisticated programs, which is why we partnered with three leading data platforms in 2017 – GuideWire, CCC, and LexisNexis.
We introduced breakthrough products in 2017. In April, we added Mojo, a consumer app focused on reducing distracted driving. Mojo joins the existing TrueMotion Family app in our distracted driving app suite, which has proven to reduce distracted driving by 20%.
People took notice of TrueMotion in 2017. Our data was featured in The Boston Globe, The Seattle Times, and Vice, among others. Brad Cordova, our CTO and co-founder, was included in the prestigious Forbes’ 30 Under 30. Industry publications like Digital Insurance covered our customer wins for Nationwide and MetLife. Our technology won best in show at the SMA Summit in October and we were a finalist in BostInno’s 50 on Fire. What’s more, our driving data is quickly becoming the currency for distracted driving: The Washington state legislature used our data to measure the performance of its new DUI-E law launched in July.
By all accounts, 2017 was a breakout year for TrueMotion. But we’re just getting started. There’s much more to come in 2018 and beyond.