Munich Re enters global telematics partnership with The Floow
German reinsurer Munich Re has entered into a global partnership with UK-based data analytics and telematics provider The Floow.
The partnership aims to strengthen Munich Re’s telematics consulting offering, while enabling The Floow to extend its portfolio of solutions and capabilities to insurance clients internationally.
“We see enormous appetite for the development of usage based insurance propositions by our clients around the world,” said Sabine Fischer, head of motor consulting at Munich Re. “The underpinning capabilities have to be right, and we’ve carefully selected The Floow as our partner because we believe in the quality of their offer. Together we will deliver a best in class value proposition to our clients.”
David James, chief operating officer at The Floow, said: “Munich Re is an excellent partner for us to work with and we’re confident that they will help us to extend our reach and bring the power and benefits of telematics to many more insurers and their customers worldwide.
"We’re excited by the opportunities that this partnership will bring and are already engaged in new projects in the Middle East, Africa, the Americas, Asia and mainland Europe.”
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