“Driver demand for connected insurance policies is booming, yet many insurance providers struggle to find technology solutions that deliver the accuracy and predictability required to write and manage these complex policies. FloowFusion removes this friction for insurers by combining The Floow’s unique mobile technology and the breadth of connected vehicle data available through Otonomo,” said
Traditional approaches to connected insurance necessitated piecemeal integrations with third-party devices or car manufacturers, creating significant technical and operational challenges for insurance providers. FloowFusion is the industry’s first solution to deliver telematics data that is truly source agnostic. With the improved accuracy and predictive power of The Floow’s telematics data, insurers can better measure driver risk and price policies compared to traditional risk models alone. With access to near-real-time driving behavior data, insurers can create greater pricing sophistication, improve customer experiences, and identify risks to drive stronger resilience against market shifts.
“Connected insurance is the way of the future for auto insurers around the globe. However, in order to be successful, insurance providers must be able to deliver a seamless experience for the end user in a way that is scalable and cost effective,” said
The following key features and benefits of FloowFusion will be embedded in and supercharge FloowDrive and FloowKit – the existing successful offerings from The Floow – without adding any complexity:
- Intuitive, Customizable In-App Experience: FloowFusion adds an easy-to-use interface with a simple vehicle registration process. It is clearly integrated into the scoring dashboard, dynamic localization and native UI conventions, enabling insurers to easily drive end-user adoption and engagement. Integration of FloowFusion in the existing The Floow applications remains highly customizable and configurable, allowing insurers to meet their unique branding specifications across the end-user app and any policyholder communications.
- Streamlined User Onboarding: FloowFusion’s onboarding communications are user-simple, keeping the registration process more efficient for the policyholder and the insurer, promoting policyholder engagement. By reducing friction in the set-up process, insurers can drive greater adoption.
- Highly Scalable With Rapid Deployment: FloowFusion is easily scalable to support small-scale pilot programs, as well as large-scale, global deployments. With rapid deployment options, FloowFusion as part of FloowDrive and FloowKit, can be deployed in weeks, compared to existing solutions that can take several months to deploy.
- Cost Effective: The Floow’s app-based, out-of-the-box solution provides substantial cost savings compared to existing solutions on the market that require custom deployments, delivering a greater return on investment.
- Connected Vehicle Data Consent: FloowFusion allows insurers to easily manage driver data sharing regulation compliant user consent, giving end users full control over how and when their driving data will be used.
- Automated Collection of Vehicle Data: With FloowFusion, insurers are able to automatically capture relevant vehicle data based on configurable time frames. This allows insurers to access the data they need to support their insurance program at the required intervals.
FloowFusion will be presented at the
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Our partners gain access to the broadest, most diverse, range of data from connected vehicles, mobile phones, public transport, EV infrastructure, and MaaS with just one contract and one API. Vehicle and multimodal mobility data is reshaped and enriched to provide deep visibility and actionable insights and empower planning, deployment, and operations.
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More information is available at otonomo.io and thefloow.com.
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