Alongside a fully comprehensive insurance policy, The Out will also take advantage of Flock’s risk mitigation technology engineered to reduce road accidents. This technology produces insights that help Flock customers improve safety. Flock generates these insights by combining data from vehicle telematics with a range of other datasets, including decades of accident data, crime reports, and real-time traffic flows.
Commenting on today’s news, Tom Fawcett, Managing Director at The Out said: “Flock Motor is miles ahead of the competition. Their team moved quickly to provide us with a policy that aligns our insurance costs with the vehicles we have on hire. Flock’s insights will help us scale whilst continuously optimising for driver safety and profitability.”
Flock’s CEO, Ed Leon Klinger, added: “Renting a car should be easy and seamless, but the traditional insurance industry didn’t get the memo. Inflexible insurance products are now one of the last remaining hurdles when it comes to flexible car usership.”