Connected insurance technology provider The Floow, an Otonomo Technologies Ltd. (Nasdaq: OTMO) company, has announced it has earned a DIAmond Award as one of the “most strategically impactful” insurtechs at this year’s ITC DIA Europe Conference, in Barcelona. The Floow was recognized for its presentation of FloowFusion, its breakthrough technology that enables insurance providers to easily leverage connected vehicle data with existing smartphone data to power connected insurance policies.
“The Floow is deeply gratified to be recognized among the exceptional connected insurance innovators at ITC DIA Europe,” said Aldo Monteforte, CEO of The Floow. “We created FloowFusion to make connected insurance a reality for drivers and data-driven insurance providers. I am immensely proud of our team and the work we are doing to make mobility smarter and safer for everyone.”
FloowFusion brings together The Floow’s industry-leading, smartphone-based solution with connected vehicle data, providing access to unique insights that transform the way auto insurance is written and managed. With FloowFusion, insurance providers, fleet companies, and auto manufacturers can easily leverage mobile and vehicle telematics data to increase their competitive advantage through:
- leading connected insurance policy offerings
- increased data accuracy for existing offerings
- preventative service monitoring and behavior campaigns
- more sophisticated driver risk models and management
FloowFusion is the industry’s first solution that is integrating data from smartphones as well as native vehicle equipment. With the improved accuracy and predictive power of The Floow’s telematics data, insurers can better balance risk and price, compared with traditional risk models. With access to near-real-time driving behavior data, insurers can create greater pricing sophistication, improve customer experiences, and identify risks, to drive stronger resilience against market shifts.
More information about FloowFusion is available here.
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