CHICAGO – September 1, 2015 – Insurance Telematics USA 2015 – Agero, Inc., a leading provider of vehicle and driver safety, security and information services, today announced its partnership with The Floow Limited, a leading international telematics organization, to enhance Agero’s Driver360TM usage-based insurance (UBI) telematics platform with The Floow’s advanced driver scoring and analytics capabilities. Agero and The Floow are announcing this partnership as part of their presence at the Insurance Telematics USA 2015 conference and exhibition, September 2-3 in Chicago, Illinois.
“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,” said Dave Ferrick, CEO of Agero. “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.”
“We have experienced significant demand for our solutions in the U.S. market. Partnering with an organization of Agero’s caliber and experience in the industry gives us the distribution reach, credibility and complementary assets required to maximize market penetration,” said Aldo Monteforte, CEO, The Floow. “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 Driver360TM 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 utilizing Agero’s years of experience in accident scene management and proven national network of service providers to deliver the assistance that drivers need.
With over 40 years of experience, Agero is a leading provider of vehicle and driver safety, security and information services, including roadside assistance, consumer affairs and claims management services. The company protects over 75 million vehicle owners in partnership with leading automobile manufacturers, insurance carriers and others. Managing one of the largest national networks of service providers, Agero responds to more than 8 million requests annually for emergency assistance. Agero’s award-winning solutions leverage advances in technology and information services to accelerate and enhance response to drivers' needs while strengthening customer loyalty. Agero, a member company of The Cross Country Group, is headquartered in Medford, Mass., with operations throughout North America. To learn more, visit www.agero.com and follow on Twitter @AgeroNews.
About The Floow
Identified as a world leading hub for telematics data management, The Floow is a UK-based independent company supporting the motor insurance industry through (a) device-agnostic predictive analytics and (b) digital end-user services that increase customer loyalty.
Through behavioral data - contextually enriched after capture from any telematics sensing device – The Floow delivers scores with demonstrably superior predictive power, advancing insurance risk management frontier. The Floow has become the trusted provider of telematics data services to some of the world’s leading insurers, delivering actionable insight into driver behavior from an economic, safety and environmental perspective. To learn more, visit www.thefloow.com and follow on Twitter @thefloowltd.
Agero Media Contact:
Kristi Cabot, Lois Paul and Partners
The Floow Media Contact:
0114 2756 784
Meet the Author: Kate Patty - Public Relations Manager