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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 completely digital insurance coverage administration portal and supply incentives for selling protected driving practices.
The partnership additionally contains offering complete security and claims workshops to all the purchasers.
The joint effort is aimed toward serving to firms develop their current danger protection capabilities inside a number of business motor segments.
Flock stated that the most recent partnership marks a key step in the direction of its progress, and comes shortly after the corporate raised greater than £30m ($37.7m) in its Collection B funding spherical held earlier this 12 months in February.
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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 danger administration.
Flock additionally provides 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 knowledge to assist many extra drivers develop into safer.”
NIG, a completely owned subsidiary of Direct Line Group, provides a variety of private and business insurance coverage merchandise.
It additionally gives customised insurance coverage cowl to handle the precise necessities of its purchasers.
Direct Line Group performing business managing director Sonya Bryson stated: “We’re excited to associate 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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