To offer truly dynamic pricing that reflects not only the number of miles driven but also the driving behaviour of fleet drivers, Flock needed a reliable and efficient way to access their policyholders’ telematics data. Traditional insurance models often fail to account for the significant differences in risk levels between drivers and journeys, resulting in pricing that does not accurately reflect true risk. Flock set out to change this by creating usage-based insurance products that reward safer driving with fairer premiums.
However, achieving this vision required a solution that could integrate telematics data quickly and seamlessly. Speed of implementation was essential to avoid delays in quoting, which could lead to lost business opportunities in a competitive market. The system also needed to be simple to implement, ensuring there were no technical or operational barriers that might discourage potential customers from signing up to Flock’s innovative insurance products.
Equally important, the solution had to be robust and reliable, allowing Flock to carry out regular driver risk reviews in partnership with their policyholders. By reviewing telematics data frequently, Flock could provide actionable insights that helped fleets improve their safety standards while continually refining their risk models and pricing strategies.
Ultimately, Flock required a telematics integration solution that combined speed, simplicity, and reliability to support their mission of creating a smarter, fairer, and safer future for commercial motor insurance.
