Zurich Insurance has extended its partnership with insurtech firm Greater Than AB for dynamic usage-based insurance offering.

The insurance company will leverage Greater Than’s AI-based platform Enerfy to offer a fleet usage-based insurance for one of its new mobility clients within the UK.

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The dynamic insurance offering is an optimal solution for car-sharing services, including real-time risk insight and pricing.

“The common goal is to enable dynamic pricing and leverage the risk insight to improve road safety and reduce the environmental impact through the fleet of fuel, hybrids, and electric cars.” The company said in a statement.

The offering is maintained by Greater Than’s AI-based platform Enerfy.

Greater Than CBO Johanna Forseke said: “Dynamic pricing is here to stay, and with these two reliable partners at the side, we are proud to enable them to manage risk and cost at an entirely new level.”

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Zurich Southeast region major customer manager Duncan Fletcher said: “The pursuit and adoption of truly innovative technology for the benefit of our customers is a pillar of Zurich UK’s current and future ambitions.

“Therefore, along with Greater Than, offering this flexible and transparent customer solution with a real focus on improving road safety and minimizing environmental impact is a very positive step for us.”