British business insurance coverage supplier NIG has fashioned a strategic partnership with insurtech firm Flock to introduce digital motor fleet insurance coverage.
Below the collaboration, the businesses will work collectively to implement a data-driven, digital strategy for motor fleet insurance coverage.
The businesses plan to supply a totally digital insurance coverage administration portal and supply incentives for selling secure driving practices.
The partnership additionally contains offering complete security and claims workshops to all the purchasers.
The joint effort is geared toward serving to corporations increase their current threat protection capabilities inside a number of business motor segments.
Flock mentioned that the newest partnership marks a key step in the direction of its development, and comes shortly after the corporate raised greater than £30m ($37.7m) in its Collection B funding spherical held earlier this yr in February.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e-mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
useful
determination for your enterprise, so we provide a free pattern that you could obtain by
submitting the under kind
By GlobalData
Primarily based within the UK, Flock specialises in related insurance coverage for business motor fleets. It makes use of a telemetry-based strategy to handle motor insurance coverage pricing in addition to for threat administration.
Flock additionally affords essential security interventions, together with rebates for safer driving and clever pricing, to fleet homeowners.
Flock CEO Ed Leon Klinger mentioned: “Flock’s partnership with NIG is a pivotal growth in our journey to redefine fleet insurance coverage.
“This collaboration permits us to deliver our product to a a lot wider viewers, and leverage our lots of of tens of millions of miles of driving information to assist many extra drivers change into safer.”
NIG, an entirely owned subsidiary of Direct Line Group, affords a variety of non-public and business insurance coverage merchandise.
It additionally supplies customised insurance coverage cowl to handle the precise necessities of its shoppers.
Direct Line Group appearing business managing director Sonya Bryson mentioned: “We’re excited to companion with Flock, bringing a recent, data-driven strategy to the motor fleet market.
“This collaboration aligns with our dedication to innovate customer-centric options.”
