Insurance partnership to reward fleet investment in telematics

LEVL is partnering with Flock, a London-based insurtech, to reward fleet operators with lower premiums by connecting to vehicle telematics systems.

Through the partnership, fleets working with the Geotab reseller, such as Muller Milk & More, Prohire, and Drover, can now access Flock’s data-driven fleet insurance offering.

By connecting with a vehicle's telematics solution, motor policies provided by Flock are priced based on the trips fleets make and the risks they take.

As fleets take steps to improve safety, they are automatically rewarded with lower per-mile insurance rates.

Ed Leon Klinger, CEO of Flock, explained: “Connectivity is key to unlocking fairer, more flexible insurance. By analysing vehicle telematics, we’ve helped fleets save as much as 25% over traditional policies.

“Partnering with the world’s leading telematics providers and distributors is key to our connected approach to insurance. That’s why today we’re excited to join forces with LEVL to help their customers save time and money, while keeping safety at the heart of everything they do.”

By integrating with Geotab’s telematics platform, Flock is able to provide LEVL customers with an analysis of the activity of every vehicle in a fleet to produce fleet insurance policies, based on drive behaviour, that are tailored to each business they work with.

Cost of insurance will be dependent on driver habits and behaviours including driver speed and routes taken, it says.

Alongside insurance, fleets utilising Flock are provided with risk insights that encourage better behaviour. As fleets take steps to improve safety, they are automatically rewarded with lower per-mile insurance rates. 

Andrew Pearce, sales and marketing director at LEVL, said: “We are committed to adding value to our customers, and our partnership with Flock is no exception.

“Flock’s unique approach to insurance and ability to integrate with the Geotab platform makes getting started simple.

“Customers can benefit from a reward-focused approach to insurance, accessing lower insurance premiums as they take steps to improve safety amongst their fleets and drivers.”

Flock's partnership with LEVL is currently live in the UK with both companies planning to expand this offer to fleets across Europe in 2022.