Insurtech founder and chief executive says integrating telematics with smartphones produces a ‘very, very powerful predictor of claim propensity’
In September, insurer Direct Line Group (DLG) partnered with global telematics business The Floow to offer its app-only telematics product, DriveXpert, to its Privilege brand policyholders – The Floow’s founder and chief executive Aldo Monteforte labelled this move as “a bold statement”, adding that the partnership “feels very much in sync with [DLG’s] historical propensity for innovation”.
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