Flock

The business operates as a managing general agent (MGA), offering connected insurance that leverages telematics data to price policies and incentivize safer driving. Flock's business model is centered on a risk intelligence platform that analyzes real-time data from connected vehicles to quantify risk. This allows the company to offer usage-based and dynamically priced insurance policies. Revenue is generated through these insurance products, which are distributed both directly to fleets and through a network of hundreds of insurance brokers. Safer driving practices are rewarded with lower premiums and rebates of up to 10%, creating a financial incentive for fleets to reduce risk.

Initially, Flock launched Europe's first 'pay-as-you-fly' drone insurance app in partnership with Allianz, using real-time data like wind speed and population density to assess flight risks. Building on this technology, the company expanded into the commercial motor fleet market in 2020. Its primary offering is a fully digital insurance product for commercial fleets of various types, including courier, own goods, rental, and taxi fleets. The platform provides fleet managers with a digital dashboard for policy and vehicle management, access to safety insights to identify high-risk drivers and routes, and streamlined claims reporting. Flock has established partnerships with major insurers like Aioi Nissay Dowa, NIG, QBE, and Admiral Pioneer, and serves hundreds of commercial customers, including notable clients like Jaguar Land Rover and a significant portion of the UK's independent Amazon fleets.