Aioi Nissay Dowa joins Flock in commercial motor fleet partnership

Aioi Nissay Dowa Insurance UK has partnered with Flock to develop a new connected motor fleet insurance product for self-drive hire, own goods, courier and tradesperson fleets across the UK.  

Flock’s technology connects to vehicle telematics and analyses millions of data points to precisely price policies based on the size and safety of each fleet, rewarding safer driving with lower per-mile prices.  

Through its integration with UK's official Motor Insurance Database, Flock’s digital dashboard can also reduce the administration associated with managing the insurance needs of a growing fleet.  

Flock’s CEO, Ed Leon Klinger said: “We believe the insurers of the future won’t simply pay claims; they will also actively incentivise and enable motorists to drive more safely and reduce risk. Together with AND-E, we are excited to be pioneering this approach. The AND-E UK team share our vision of combining insurance with cutting-edge technology to create a safer, smarter world. This is only the beginning and I believe together we have the potential to transform how the world thinks about motor insurance.” 

Aioi Nissay Dowa Insurance Europe CEO, Warren Hetz added: “The motor insurance industry is at a crossroads as insurance, technology and mobility converge, and this is creating a world of opportunities to improve road safety as well as deliver more tailored customer experiences. Our partnership with Flock heralds a new era in commercial insurance. By combining Flock’s cutting-edge technology with our significant underwriting expertise in connected vehicle technologies and insurance, along with our global distribution networks, we will be able to deliver an exceptional experience for fleets and their drivers.” 

    Share Story:

Recent Stories

Financial institutions were early adopters of cyber security and insurance. Are they still on top of the game?
Managing huge amounts of sensitive data online makes financial institutions a prime target for hackers. As such, the sector was an early cohort for insurers in creating cyber cover. Since then, the market has evolved almost beyond recognition. It continues to challenge itself to this day, complying with rigorous regulatory demands and implementing avant-garde enhancements to keep abreast of the ever-changing risks. Published June 2021

Manufacturing: An industry at risk amid great technological change
Of the many sectors of business, manufacturing companies are among the most at risk from cyber threats. How has the sector evolved to make it so vulnerable and what does the task of managing cyber exposure in a manufacturing company look like? CIR’s latest podcast with Tokio Marine HCC sought to answer all these questions and more. Published April 2021