Agero and The Floow partner to enhance Driver360 mobile UBI platform
Agero, Inc., a provider of vehicle and driver safety, security and information services, has announced its partnership with The Floow Ltd., an international telematics organisation. The partnership is designed to enhance Agero’s Driver360™ usage-based insurance (UBI) telematics platform with The Floow’s advanced driver scoring and analytics capabilities.
Dave Ferrick, CEO of Agero, said: “With increasing demand for UBI services from our clients, we strongly believe that mobile solutions will be critical for mass market deployments. The Floow is a leading global player in mobile-based UBI data analytics and services with an impressive record of deployments based on their leading data science and actuarial capabilities. Our collaboration allows us to bring our clients a best-in-class holistic solution that provides a seamless end-to-end experience from driver coaching, to roadside services, to emergency services and accident management.”
Aldo Monteforte, CEO, The Floow, said: “We have experienced significant demand for our solutions in the U.S. market. Partnering with an organisation of Agero’s caliber and experience in the industry gives us the distribution reach, credibility and complementary assets required to maximise market penetration. We look forward to working with Agero to provide cutting edge telematics insights that will enable insurers to bring behavior-based information to drivers and enhance the incident recovery process.”
Agero’s Driver360™ platform offers UBI predictive analytics that uses mobile device sensors on the smartphone to track driver behavior, such as how often and far a policyholder drives; how hard they brake or accelerate; if they travel during peak urban traffic hours; and more. By having this data, insurers are able to tailor a driver’s insurance premium to match their specific risk levels. The Agero platform also offers Automatic Crash Notification (ACN) technology that enables mobile devices to determine the severity of impact during an accident, and respond by automatically contacting emergency responders, designated personal contacts, and the insurer, while simultaneously utilising Agero’s years of experience in accident scene management and proven national network of service providers to deliver the assistance that drivers need.