One of these is Flock , which he explains has “ transformed the insurance industry , as it ’ s an insurer that ’ s proactive and seeking safer roads for all , not just profit ”.
“ Working with usage-based insurers like Flock allows automotive firms to encourage better safety of fleets , whilst also improving their commercial viability .”
The UK-based company , elmo , is another organisation that supports UBI through its subscription-based service , which is inclusive of insurance .
“ Elmo uses Samsara ’ s connected platform across its fleet . This next generation of vehicle leasing business is able to provide real-time data that relates specifically to safety and driver behaviour ,” says Eversfield .
“ Initiatives such as this allow insurers to reward fleet users with money-back on insurance policies when they improve safety , which in turn encourages them to invest more in improving their drivers ’ safety .”
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