Powerfleet, an Internet of Things (IoT0 software-as-a-service provider, has bought Movingdots, a provider of insurance telematics and sustainable mobility services based in Bremen, Germany and a subsidiary of re-insurer Swiss Re.

Movingdots, in partnership with Swiss Re’s automotive and mobility unit, has spent nearly 10 years designing data science algorithms with insurers to provide risk-based drive-style analytics for fleets and personal auto risk. The company combines insurance analytics with AI technology to derive an individual risk assessment.

“We look forward to joining forces with Powerfleet to embrace opportunities in the corporate and commercial fleet space and to deliver innovation in mobility through cutting-edge technology,” states Hendrik Todte, managing director at Movingdots.