The Floow Launches Version 2.0 of FloowDrive Telematics Platform

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005773/en/

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