(Image credit: Dollar Photo Club.)
Agero, Inc., a Medford, Mass.-based provider of vehicle and driver safety, security and information services, today announced its partnership with The Floow Limited (Sheffield, U.K.), an international telematics data management vendor, to enhance Agero’s Driver360TM usage-based insurance (UBI) telematics platform with The Floow’s advanced driver scoring and analytics capabilities.
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. Insurers can use the data to tailor a driver’s insurance premium to match their specific risk levels.
“With increasing demand for UBI services from our clients, we strongly believe that mobile solutions will be critical for mass market deployments,” comments Dave Ferrick, CEO, Agero. “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. 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.”
The Floow has experienced significant demand for its solutions in the U.S. market, according to Aldo Monteforte, the company’s CEO. “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,” Monteforte comments. “We look forward to working w
ith Agero to provide cutting edge telematics insights that will enable insurers to bring behavior-based information to drivers and enhance the incident recovery process.”
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 experienced national network of service providers to deliver the assistance to drivers.