HDVI

High Definition Vehicle Insurance (HDVI) embarked on its journey in 2018, co-founded by Chuck Wallace, a seasoned entrepreneur with a notable success in co-founding Esurance, and Reid Spitz, who brought valuable experience from his work in insurtech and freight and logistics technology at 8VC. Their shared vision was to address a significant gap in the commercial trucking insurance market. They recognized that traditional insurance models were often slow to adapt to the wealth of data becoming available through modern vehicle technology. The core idea was to leverage telematics, software, and data analytics to create a more dynamic, responsive, and fair insurance product for small and mid-sized trucking fleets. This innovative approach aimed to move beyond static, annual risk assessments and instead offer policies that could reflect a fleet's ongoing safety efforts in near real-time.

From its inception, HDVI set out to be a technology-first company. The founders understood that by harnessing the power of real-time telematics data, they could offer more accurate risk pricing, provide fleets with actionable safety insights, and ultimately reward safer driving practices with potential premium reductions. This was a departure from the industry norm, where fleets often had to wait for annual renewals to see the financial benefits of their safety improvements. HDVI's flagship product, HDVI Shift™, was designed to embody this philosophy, allowing for dynamic premium adjustments based on safety performance. The company's growth has been fueled by significant venture capital investments, enabling it to expand its technological capabilities, increase its market reach across numerous states, and continuously refine its data-driven underwriting and claims processes. This journey reflects a commitment to not just insuring trucks, but to partnering with fleets to enhance safety and operational efficiency, fundamentally changing the relationship between insurer and insured in the commercial auto space.