FairConnect

What FairConnect does

FairConnect SpA is a European B2B connected insurance solutions provider founded in 2016 and headquartered in Teramo, Italy, with additional offices in Rome, Turin, Paris, and Morbio Inferiore (Switzerland). The company sells subscription-based connected insurance platforms to major European insurance companies in two product lines: Motor Connected Solutions (covering RCA and CVT motor policies) and Property Connected Solutions (covering residential and commercial property risks). Its core technology stack combines IoT hardware (multiple generations of proprietary DISPOSITIVI in ABOX, MICROBOX, and SBOX form factors) with a "SmaaS" (Smartphone-as-a-Service) layer that turns policyholders' smartphones into sensors, feeds anonymized telemetry into proprietary scoring algorithms (Safe Driving, Distracted Driving Detection, Eco Scoring, Behavior Analysis), and is operated alongside a 24/7 Emergency Operations Center.

FairConnect's go-to-market is sales-led enterprise B2B, with solutions co-designed between its Customer Management teams and insurer leadership under long-term partnership arrangements. The company is privately held and backed by private equity firm Palamon, which supported the August 2021 acquisition of G-Evolution. A documented convention agreement with Allianz dated July 2025 represents its most prominent named enterprise customer relationship to date. The company holds ISO 9001:2015, ISO/IEC 27001:2022, UNI 10891:2022, UNI 10459:2017 certifications and an Italian Prefect License ex Art. 134 T.U.L.P.S., positioning it as a compliance-ready vendor for security- and data-sensitive insurer workloads across France, Germany, Italy, Switzerland, and other European markets.

Name

FairConnect

Legal name

FairConnect SpA

Website

https://fairconnect.life

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

FairConnect is a B2B connected insurance platform that sells IoT- and smartphone-based telematics, scoring algorithms, and 24/7 monitoring services to major European insurers across Motor and Property lines. Founded in 2016, Italy-based, and PE-backed by Palamon.

Ownership category

akta.pro rank

Product category

Connected Insurance Technology (Insurtech Telematics)

akta.pro primary industry

Telematics & Usage-Based Insurance (UBI) Platforms (FSAGAGAF)

Keywords

• Connected insurance solutions
• Telematics data analytics
• IoT risk management
• Usage-based insurance
• Smartphone telematics

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Connected Solutions for Insurance Companies: FairConnect provides tailored connected solutions to insurance companies for Motor and Property segments. Revenue is generated through B2B contracts with insurance companies, providing technology platforms, data analytics, scoring models, and 24/7 assistance services under long-term partnership arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FairConnect provides connected insurance solutions to European insurance companies for Motor (RCA and CVT) and Property segments. The offering combines IoT hardware devices and smartphones (SmaaS - Smartphone as a Service) with proprietary algorithms, Big Data processing, Machine Learning, and AI to deliver real-time risk scoring (safe driving, distracted driving, Eco Scoring, behavior analysis), 24/7 emergency operations support, and customer engagement services under long-term B2B partnership contracts.

Product overview

FairConnect is a connected insurance solutions provider offering a unified platform for motor and property insurance. The product portfolio includes Motor Connected Solutions (covering RCA and CVT insurance) and Property Connected Solutions for residential/commercial properties. Supporting technologies include SmaaS (smartphones as sensors), IoT data collection, Big Data processing, and Mobile App. The company offers multiple IoT device generations (1.0 through 4.0) and specialized form factors (ABOX, MICROBOX, SBOX) with 24/7 Emergency Operations Center support. Scoring capabilities include Safe Driving, Distracted Driving Detection, Eco Scoring for motor, and Behavior Analysis for property insurance.

Differentiator

Problem solved

Functional benefit

Brands

• Eco Scoring: Eco scoring model developed in partnership with auto makers providing raw data collected from various onboard sensors to evaluate driving behavior and environmental impact.
• Guida Prudente
• Guida Distratta

Products and services

• Motor Connected Solutions Connected solutions to improve performance of motor insurance products (RCA and CVT), using anonymized data from smartphones and IoT devices with Data Analytics, Machine Learning, and AI for risk prevention, assessment, claims management, safe-driving scoring, distracted-driving detection, and Eco Scoring. Sold to European motor insurance companies.
• Property Connected Solutions Connected solutions for residential and commercial property insurance, combining IoT devices and smartphones with proprietary algorithms and scoring models to support behavior analysis, eco-sustainability monitoring (electricity and gas consumption), customer engagement through reward systems, 24/7 continuous assistance, and value-added monitoring services for theft and damage prevention. Sold to European property insurance companies.
• SmaaS (Smartphones as Sensors) Platform Technology platform that uses smartphones as sensors to collect and analyze data, enabling innovative, efficient, and personalized risk management for mobility and property insurance. Provides a privacy-respecting interface for digital customers on the move. Sold to insurance companies as part of connected solutions.
• IoT Data Collection and Processing Platform Platform for data collection through connected IoT devices and smartphones, with subsequent processing and classification using proprietary algorithms, to deliver Big Data and value-added services for insurance risk management.
• Mobile App for Policyholders Mobile application provided to policyholders as part of connected insurance programs, enabling distinctive services with maximum respect for privacy for increasingly digital customers on the move.
• 24/7 Emergency Operations Center Operations center service using highly reliable equipment and technologies to ensure prompt reception of alerts and requests for intervention in cases of collision, theft, and emergencies. Operates 24/7 to support connected insurance programs.
• IoT Hardware Device Family (DISPOSITIVI) Family of proprietary IoT hardware devices used as sensors for connected insurance programs, including multiple generations (DISPOSITIVI 1.0, 2.0, 2.5, 3.0, 4.0) and form-factor lines (ABOX - Abox1 and Abox2; MICROBOX - Microbox 1.1, 1.2, 3.0; SBOX - Sbox 3.0), each with documented compliance declarations and homologation certificates. Devices support telematics data collection for motor and property insurance programs.

Quantifiable outcome

• Real-time risk management 24/7 for policyholders
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature11 records

Partnerships

One partnership is on record.

• AllianzcoreStrategic or Co-development Partner · 1 July 2025Allianz has a documented convention agreement with FairConnect (Convenzione Allianz), indicating a formal partnership for connected insurance solutions. A PDF convention document is available for download, suggesting an active commercial partnership.

Scale indicators5 records

Recent moves6 records

Expansion highlights2 records

Emerging players

• Sentiance: AI-driven mobility and behavior analytics platform used by insurers for UBI and risk scoring. Comparable on smartphone-sensor data, ML-based driving behavior modeling, and insurance as primary customer vertical.
• Geotab: Global telematics platform expanding into insurance use cases through fleet data and driving-behavior analytics. Comparable as a hardware-plus-software telematics platform feeding insurance-relevant risk scores.

Regional players

• Modulaire (formerly Modulr) / ALD-connected telematics programs: European fleet and mobility telematics provider with insurance-adjacent services. Comparable on connected-vehicle data and IoT hardware for European markets, though primarily fleet-focused.

Direct peers

• The Floow: UK-based telematics provider specializing in smartphone-based UBI scoring for motor insurers. Directly comparable to FairConnect's SmaaS approach and Motor segment focus.
• IMS (Insurance & Mobility Solutions): European telematics and connected-mobility provider serving motor insurers. Comparable in UBI programs, smartphone-based scoring, and carrier-led B2B go-to-market.
• Vodafone Automotive: Provides connected-car and insurance telematics services across Europe, including UBI solutions for major insurers. Comparable as a carrier-facing telematics platform with hardware, software, and managed services.
• Octo Telematics (now part of Verisk): Largest European telematics/UBI provider for motor insurance, serving many of the same carriers FairConnect targets. Closely comparable on UBI scoring, smartphone telematics, and insurance data analytics.
• Cambridge Mobile Telematics: Global leader in mobile telematics and behavioral analytics for insurance and rideshare. Comparable in using smartphone sensors plus ML/AI to score driving risk for insurance carriers.

Broad incumbents

• Generali Jeniot: Generali Group's connected insurance and IoT arm offering telematics and smart-property solutions. Comparable as a large-incumbent carrier-owned platform spanning Motor and Property IoT.
• LexisNexis Risk Solutions: Insurance data and analytics provider with telematics data integration and UBI scoring services. Comparable as a broader insurance-data incumbent offering scoring and risk analytics to carriers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fairconnect-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FairConnect