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Tnedicca

9842 Wedgewood Blvd Ste 260, Powell, OH, 43065, United States

Overview

TNEDICCA builds location-based traffic crash intelligence and predictive analytics products that produce telematics and non-telematics risk scores to improve auto insurance pricing and risk selection. The company has compiled a crash location database of more than 30 million crashes covering 91% of the U.S. auto insurance market. Its traffic crash data and location risk analytics are available in 40 U.S. states and the UK and have been adopted by more than a dozen insurers, including Swiss Re, Grange Insurance, and Buckle. TNEDICCA reported more than quadrupling its revenue last year. The company is expanding use cases into adjacent markets such as life insurance, last-mile delivery services, and self-insured logistics to support long-term growth. Management says products are empirically proven to enhance pricing precision and better risk selection. TNEDICCA provides a cloud-based analytics platform that acquires and curates location-specific traffic crash data to generate crash risk scores used in auto insurance pricing. Its proprietary crash risk scores have empirically shown an average 40% incremental predictive value over insurers' existing pricing capabilities. The platform is available in 39 states, representing 91% of the $300 billion U.S. auto insurance market, and TNEDICCA currently serves eight auto insurance companies. Beyond auto insurance, the company offers safety-related solutions for navigation service providers, automotive manufacturers, and smart cities. TNEDICCA plans to use new capital to scale its crash data coverage and risk score implementations, expand product development, account management, and sales teams, and enter select additional markets. Founded in March 2015 and headquartered in Columbus, Ohio, the company aims to help carriers price more precisely and reduce future traffic accidents through better data and analytics.

Total raised
$3M
Funding rounds
2
Latest round
Series A
Latest activity
Mar 2022

Industries

  • Analytics
  • Auto Insurance
  • Database
  • InsurTech
  • Location Based Services
  • Risk Management
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Recent funding

  1. Series A

    Mar 2022

    $2M

  2. Equity

    Sep 2019

    $1M

Team