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Flock Ltd.

flockcover.com

Flock was founded in 2015 on the conviction that insurance was no longer fit for purpose in our fast-moving, hyper-connected world. Their mission is to make the world a safer, smarter place by bridging the gap between the insurance industry of today and the emerging technologies of tomorrow. The London based Insurtech began in the commercial drone industry where they launched Europe's first pay-as-you-fly drone insurance product, using real-time data (like population density and wind speed) to quantify, insure, and mitigate drone flight risks.They now have insure thousands of innovative drone operations globally, from agricultural surveyors to NHS medical delivery flights. Flock's technology has now helped thousands of pilots around the world to fly safer, reducing their risk exposure by 15% on average. Flock recently expanded into the rapidly evolving world of commercial motor fleets with a division focused on connected vehicles. Modern fleets change on a daily basis; expanding, contracting, and adopting the latest technology. They need an insurance policy that’s as agile and data-driven as they are. The world is becoming increasingly connected and autonomous, bringing both amazing opportunities and complex risks. As the insurer of the future, Flock aims to not only pay claims when incidents occur; they help customers understand and mitigate their own risks, to avoid things going wrong in the first place.