Here you find all the latest news, views and events from The Floow.
Connected insurance technology provider The Floow, an Otonomo Technologies Ltd. (Nasdaq: OTMO) company, today announced it has partnered with leading property and casualty insurer Definity (TSX: DFY) and Munich Re, a leading global provider of reinsurance solutions, to bring a new, innovative, usage-based auto insurance product to Canada.Read article
Make Sure Your End Users are Engaged and Stay Engaged!
End user engagement is the Holy Grail of UBI and telematics. Ensuring your customers and policyholders interact with their telematics app is critical to the success of the programme both from the insurers and end users’ perspective. This article examines our approach to both monitoring and managing how and when people engage.
Challenging Times for Motor
E&Y predicts a combined ratio of 108.5% in 2023, with a marginal profit expected in 2024. Telematics, which provides additional data, helps insurers mitigate the winner’s curse effect, identify good drivers, prevent fraud, and streamline claims services, potentially improving the combined ratio by up to 17%.
FloowFusion: Bringing Connected Vehicle Data to Life, Today.
FloowFusion revolutionizes motor insurance: Connects vehicle and smartphone data, providing novel insights and enhancing user experience.
Safer Driving with OEM Data
Tesla caused anxiety and trepidation when they recently published the mathematics of their insurance scores. Insurance carriers who do not want to miss on the transformation brought by Tesla and the insights unleashed by original vehicle data should consider FloowScores and FloowFusion.
The Floow help to overhaul England’s most dangerous roads
The Floow recently contributed towards a ground-breaking project that aims to improve the safety of England’s most dangerous roads. The Department for Transport’s £47.5 million Safer Roads Fund aims to prevent 760 fatal and serious injuries over the next 20 years through targeted interventions across 27 high-risk roads.