Flock was originally founded to focus on providing insurance for drone trafficking, an untapped area of aviation insurance. While the company is exploring other untapped niches in transportation insurance, such as autonomous vehicles, it's primary focus is commercial fleets.
The company believes that traditional insurance isn't growing fast enough to cover certain niche areas, and this is where Flock comes in. The company wants to be the bridge between the insurance of today and the transportation of tomorrow. Its service suites are unique in that the insurance cover is only triggered in vehicles in motion. This is made possible by hooking into the telematics of the cars.
The company has already currently partners with big-name brokers, underwriters and telematics providers. It has managed to bag several big names as customers such as Onto and Land Rover. Flock's foresight has been rewarded with significant funding and enough backing to disrupt the $160 billion motor insurance industry. The company is focused on further building out its data tools to continue providing invaluable data insights.
Steph
Company Specialist at Welcome to the Jungle
