AND-E UK (AND-E), part of Aioi Nissay Dowa Europe, has partnered with insurtech company Flock to change how commercial fleet insurance is priced and distributed.
Both firms have been working together over the past six months to develop two connected motor fleet insurance products which are now available across the UK.
Fleet managers will now be able access insurance which has been tailored to their operations and designed to help improve safety over time.
Flock’s technology connects to vehicle telematics and analyses millions of data points to precisely price policies based on the size and safety of each fleet.
This connected approach to insurance means safer driving is immediately rewarded with lower per-mile prices.
Through its integration with UK’s official Motor Insurance Database, Flock’s digital dashboard also significantly reduces the administration associated with managing the insurance needs of a growing fleet.
Ed Leon Klinger, CEO of Flock, said: “We believe the insurers of the future won’t simply pay claims; they will also actively incentivise and enable motorists to drive more safely and reduce risk.
“Together with AND-E, we are excited to be pioneering this approach. The AND-E UK team share our vision of combining insurance with cutting-edge technology to create a safer, smarter world.
“This is only the beginning and I believe together we have the potential to transform how the world thinks about motor insurance.”
Warren Hetz, CEO of AND-E UK added: “The motor insurance industry is at a crossroads as insurance, technology and mobility converge, and this is creating a world of opportunities to improve road safety as well as deliver more tailored customer experiences.
“Our partnership with Flock heralds a new era in commercial insurance. By combining Flock’s cutting-edge technology with our significant underwriting expertise in connected vehicle technologies and insurance, along with our global distribution networks, we will be able to deliver an exceptional experience for fleets and their drivers.”
