Home Insurance Law NIG, Flock crew as much as introduce digital motor fleet insurance coverage

NIG, Flock crew as much as introduce digital motor fleet insurance coverage

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NIG, Flock crew as much as introduce digital motor fleet insurance coverage

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British business insurance coverage supplier NIG has shaped 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 protected driving practices.

The partnership additionally consists of offering complete security and claims workshops to all the shoppers.

The joint effort is aimed toward serving to firms broaden their current danger protection capabilities inside a number of business motor segments.

Flock stated 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.

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Primarily based within the UK, Flock specialises in linked insurance coverage for business motor fleets. It makes use of a telemetry-based strategy to handle motor insurance coverage pricing in addition to for danger administration.

Flock additionally presents essential security interventions, together with rebates for safer driving and clever pricing, to fleet house owners.

Flock CEO Ed Leon Klinger stated: “Flock’s partnership with NIG is a pivotal growth in our journey to redefine fleet insurance coverage.

“This collaboration permits us to carry our product to a a lot wider viewers, and leverage our a whole bunch of hundreds of thousands of miles of driving information to assist many extra drivers grow to be safer.”

NIG, a completely owned subsidiary of Direct Line Group, presents a variety of private and business insurance coverage merchandise.

It additionally supplies customised insurance coverage cowl to deal with the precise necessities of its purchasers.

Direct Line Group appearing business managing director Sonya Bryson stated: “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.”



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