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.”
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