FloowDrive, an advanced automotive telematics platform that uses a smartphone as a mobility sensor. The new version offers insurers the first quick-to-launch, white-labeled telematics rewards module to provide incentives to drivers for proven safety performance.
The Floow has released an updated version of FloowDrive, an advanced automotive telematics platform that uses a smartphone as a mobility sensor. The new version offers insurers the first quick-to-launch, white-labeled telematics rewards module to provide incentives to drivers for proven safety performance.
According to John Kramer, Vice President and head of North American operations, FloowDrive 2.0 includes a number of new features to provide insurers with greater flexibility and more ways to customize the platform to meet their specific needs.
“Our new release takes everything we’ve learned from six years of building advanced telematics solutions, and distils it into one robust, easy-to-deploy platform that’s production-ready today,” Kramer said.
FloowDrive allows insurance companies to collect telematics-based data about individual driver behavior to more accurately predict risk, and to help drivers learn new ways to improve safety and lower premium costs. New features include:
For the Insurer
For the Policyholder or Driver
“Our studies show that rewards and incentives can improve driver-safety scores by as much as 54 percent and have a stronger behavioral impact than traditional end-of-term insurance discounts, especially among the lowest-scoring drivers,” Kramer said.
About The Floow
Based in Sheffield in the UK and Detroit in the U.S., The Floow is one of the world’s leading telematics innovators, with the mission of making mobility safer and smarter for everyone. Its user-friendly telematics platform provides drivers with actionable insights and engagement propositions that improve safety and loyalty, and allow insurers, fleet companies and auto manufacturers to make more informed and profitable decisions. www.thefloow.com