London-based insurtech Flock has entered into a partnership with Admiral Pioneer, Admiral Group’s venture-building business.
The collaboration between Flock and Admiral has the goal of transforming UK fleet insurance with advanced technology and real-time risk management.
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In addition, the partnership will boost Flock and increase its offering and support a wider range of fleet customers. Initially targeted at courier fleets, business fleets and short-term rental companies, the product will be available to customers directly and through Flock’s growing network of trusted brokres.
Furthermore, Flock will continue to reward safer driving with premium rebates of up to 10% for customers demonstrating improved safety throughout the policy period.
Ed Leon Klinger, CEO of Flock, said: “Partnering with Admiral Pioneer is a pivotal moment for Flock. Admiral Pioneer’s pricing, underwriting, and claims management capabilities perfectly complement Flock’s technological expertise, data-driven approach, and deep understanding of commercial fleet customers. By joining forces, we are set to deliver a truly unique product for fleet customers that rewards safer driving and offers a best-in-class insurance service.
“This collaboration with Admiral Pioneer enhances our ability to serve both new and existing customers and aligns us with a partner committed to safety and innovation. Our combined strengths will lead to safer roads and more efficient fleet operations across the UK.”
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By GlobalDataEmma Huntington, CEO of Admiral Pioneer, stated: “Admiral Group has always embraced innovation, and Admiral Pioneer is where we incubate new ventures that align with our diversification strategy. We’re excited to expand our focus on commercial customers with this partnership with Flock, enabling us to have a fresh fleet offering that meets the evolving needs of businesses. Our rigorous partner selection process ensures that we align with companies that not only disrupt the market but also share our values and vision.
“Flock stood out due to their innovative approach, strong leadership team, and cultural alignment with us. With a strong synergy, we are well-positioned to deliver exceptional value to our customers.”
