Mobility is going through a rapid period of transformation. Increasing levels of automation, digital and connected services are empowering transformations that will impact road risk in ways not envisioned in existing insurance products.
There are a number of key emerging opportunities, including:
These changing areas fundamentally transform vehicle risk. As such, The Floow focuses key R&D efforts towards these emerging areas to ensure our product lines are suited for the future markets. These efforts not only support The Floow to evolve our technologies, but they also help us to support our clients in adapting to the rapidly changing risk landscape.
Across these three areas, The Floow works as part of collaborations with leading organisations to build insight for changing risk. These projects provide a new means to understand risk in future mobility platforms, including: autonomous and semi-autonomous vehicles, new connected technologies and mobility services.
Across these areas, The Floow is working alongside automotive firms, robo-taxi firms, insurers, researchers and regulators to help shape the future insurance market to appropriately prepare for how risk will need to be handled.
Autonomous Driving One Step Closer Thanks To Ground-Breaking MOVE_UK Trials
Sam Chapman, founder and CIO of The Floow took part in a press event where we unveiled the results of phase 1 of the MOVE_UK project.
MOVE_UK – Phase 2: Automated Driving Data Analysis Report
Earlier this month the latest report from MOVE_UK was released which covered the findings of phase 2 of this three year project.
MOVE_UK: Consortium of Automotive Companies Win £5.5m Fund to Trial Driverless Cars on UK Roads
MOVE_UK will see The Floow partner with Bosch, Transport Research Laboratory (TRL), Jaguar Land Rover, Direct Line Group and the Royal Borough of Greenwich to accelerate the entry of automated, driverless car technologies to the UK market.