The Floow is entering into the field of commercial insurance fleet technology, with FloowFleet. The company has said in a press release that it has taken the step in a bid to reduce driver accident frequency and severity – catering for small fleets of up to twenty five vehicles.
At a time when global commercial insurance prices are rising – and controlling fixed costs is a top priority for businesses midst Brexit uncertainty – the company claims the introduction of FloowFleet would allow businesses to manage fleet mobility more efficiently, to better manage risk and potentially reduce their insurance premiums.
Also, from recent international industry research conducted by the Floow, decision makers from more than 250 insurance companies believed telematics had a crucial role to make business drivers and consumers safer on the roads. More than two in five respondents (44%) said telematics would improve risk modelling, whilst 40% said driver awareness could be improved as well as reducing premiums (40%).
Benefits of FloowFleet for the Fleet Manager
- Easy onboarding for fleets to get up and running quickly.
- A powerful scoring engine producing trip and vehicle level information that’s easy to understand.
- Scores presented via a robust management information portal that’s accessible via mobile devices, tablets or desktop.
- Geofence feature, helping fleet managers to monitor and protect their assets with event trigger notifications for each vehicle or the fleet.
Apart from this, FloowFleet will contribute to improved road safety in the UK and will help fleet managers to track individual driver performance: monitoring speed, the smoothness of driving, levels of fatigue and the time of day journeys take place. Data from each journey is collated in real time and safely logged to create a personalised driver score.