UK-based insurtech Flock has announced a partnership with NIG, a commercial insurance provider, according to a press release.
The collaboration follows Flock’s fundraising, securing over £30 million earlier this year, and signals the company’s ongoing expansion efforts.
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This partnership will focus on leveraging a digital and data-driven approach to the business of motor fleet insurance in the UK.
The collaboration aims to introduce a fully digital insurance management portal offering features to enhance safety, streamline claims processing, and provide financial incentives for safer driving practices.
Key features of the collaboration include the integration of a comprehensive digital insurance management portal, which will enable seamless policy administration for both customers and broker partners. Additionally, the initiative will introduce a groundbreaking rebate system, rewarding and encouraging safer driving practices among policyholders.
To further bolster safety measures, Flock and NIG plan to roll out a programme of safety and claims workshops. These workshops aim to strengthen the relationship between the insurtech firm and its broker partners.
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By GlobalDataThe overarching goal of this collaboration is to elevate risk coverage capabilities across various commercial motor segments in the UK.
Leon Klinger, CEO of Flock, said: “Flock’s partnership with NIG is an exciting development in our journey to redefine fleet insurance. This collaboration allows us to bring our product to a much wider audience; together with NIG, we will leverage our hundreds of millions of miles of driving data to help thousands more drivers become safer.”
Sonya Bryson, Managing Director of NIG, said: “We are excited to partner with Flock, bringing a fresh, data-driven approach to the motor fleet market. This collaboration aligns with our commitment to innovative customer-centric solutions.”
