ThingCo, the creator of wireless telematics device Theo, has secured a contract with Freedom Brokers.
This means that Theo will be a large part of Freedom Brokers’ telematics proposition, Freedom to Drive, launching this week.
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As a result, data from Theo devices will be fed into ThingCo’s platform. Freedom customers can then also have access to an app to view in-depth information about their trips and driving scores.
Alex Brockman, Head of Operations of ThingCo said: “The deal with Freedom Brokers underlines burgeoning interest in telematics to give motorists flexible, transparent and fair insurance cover. Next generation telematics technology gives the insurance sector the power to change the perception of motor insurance, do things differently for customers and improve their own performance through risk mitigation and claims. We are delighted Freedom Brokers will be first to market with Theo.”
Sam White, CEO of Freedom Group said: “Well before the pandemic we were in discussions with ThingCo to launch a telematics proposition that was distinct from anything else on the market. Little did we know we were well ahead of the curve. The last few months have demonstrated the need to provide more personalised cover based on actual usage and behaviour.
“Theo fits perfectly with our promise to provide straight-forward, uncomplicated insurance with a first class claims service. It will be easy for customers to install, the data quality is on a par with professionally installed devices and through voice we can offer a lot more than conventional telematics propositions to make customers feel safe and engaged in our brand. Equally, it gives us a fantastic level of insight to help manage risk and expedite claims from the point of impact.
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By GlobalData“We are always proud to do things differently at Freedom and the launch of Freedom to Drive supported by Theo will really set us apart at a time when the interest in usage based insurance has perhaps never been higher.”
Martin Williams, COO for ThingCo added: “Next generation telematics offers brokers a fantastic opportunity to respond to the growing demand for more personalised insurance cover. Through customer friendly technology and state-of-the-art data processing power, ThingCo is breaking down the barriers that have prevented telematics from going mainstream.”
