Debuting Our New Flexible Approach to Getting Started with Telematics at BIBA 2019
Last week, I attended the annual BIBA conference in Manchester alongside a number of my colleagues from The Floow. It was a great experience for all of us as it allowed us to not only showcase our products and solutions, including FloowDrive, FloowKit and FloowScore, our scoring service, but debut our new suite of broker propositions designed to provide flexibility when getting started with telematics.
The Floow has more than seven years experience in producing award-winning solutions to the insurance industry making us your trusted partner in telematics. Our solutions enable brokers to get out to market painlessly, with speed and confidence, quickly delivering value to brokers and all those within their ecosystem.
When creating our suite of broker propositions, we wanted to make it as flexible as possible so we offer three different flavours of capability to our broker partners. They are:
- Test and Learn
- Open Market
Ideal for ‘try before you buy’ propositions, our Test and Learn option allows brokers to get out to market fast with a smartphone proposition which helps them to select the best risk onto their book. This play comes ready-integrated with engagement features, such as rewards programmes, to help focus drivers on improving their behaviour
Ideal for brokers wanting to bring a Managing General Agent (MGA) or ‘Broker Owned’ proposition to market, our Broker-led option enables the development of a unique proposition, which can be tailored to specific business needs, using a smartphone or device-integrated approach. This play allows brokers to attract the best risk and help to influence better driver behaviour by integrating a range of conditioning programmes, including rewards and driver coaching
This option is ideal for insurers wanting to attract brokers into their ecosystem, providing an open market, device-agnostic product using standardised driver scores based on The Floow’s scoring platform which is proven to be highly predictive of claims. Broker-based insurers can use driver risk data to ensure the most competitive pricing
The Floow also works with best-in-class software partners to integrate our scores and ensure a seamless experience.
With The Floow as your partner, you can build upon a dependable platform of capabilities, whatever your business requirements. Our suite of solutions span smartphone-as-a-sensor and device-agnostic integration, enabling propositions across both personal and commercial lines.
We had some great conversations at BIBA, and welcomed many contacts old and new onto our booth to enjoy a go on our VR driving experience simulator. I’m looking forward to opening up even more conversations with insurers and brokers across the market regarding our new suite of broker propositions, so we can work with them to make the most out of telematics.
If you’d like to know more about our solutions or capabilities, please email email@example.com and a member of our experienced team will get back to you.