Alba Montfort, CEO and founder of The Floow, presented the company's mission of making individual mobility safer and smarter worldwide using software, sensors, and data.
The Floow provides device-agnostic telematics solutions and analytics to insurance companies globally, with a focus on fair pricing and user engagement.
Key differentiators include flexibility in data sources, advanced scoring technology, personalized solutions, and strong smartphone sensor technology.
The meeting targeted insurers, OEMs, and potential talent, highlighting unique value propositions for each audience.
Action Items
(No explicit action items or owners were discussed in the transcript.)
The Floow Company Overview and Mission
The Floow’s mission is to enhance safety and intelligence in individual mobility worldwide, leveraging technology, data, and sensors.
The company has grown from 3 to over 80 employees in five years, with a majority being scientists or data experts.
Services are provided to insurance companies across the UK, Nordics, Ireland, Europe, North America, South Africa, and China.
Value Proposition for Insurance Companies
Insurance partners use The Floow to:
Ensure fair and profitable pricing of insurance products.
Offer end-users engaging digital experiences, such as emergency recovery, education, and online rewards, based on detailed mobility data.
Deliver superior pricing performance using predictive analytics proven to indicate claim propensity.
Technology and Differentiators
The Floow’s telematics platform is device-agnostic, collecting data from smartphones, OBD devices, black boxes, and embedded vehicle sensors.
Advanced scoring technology leverages contextual data (e.g., road infrastructure, average behavior of other drivers) regressed against claims, validating high predictiveness for claims.
Insurers can obtain scoring IP, allowing them to personalize and own their actuarial models based on The Floow’s core technology.
The company offers flexible solutions: native mobile apps or SDKs for integration into existing apps, backed by leading sensor technology.
Engagement Opportunities and Call to Action
The Floow seeks partnerships with insurers focused on fair pricing and engagement, OEMs interested in monetizing in-vehicle data, and individuals passionate about mobility technology.
Decisions
(No formal decisions were recorded during this session.)
Open Questions / Follow-Ups
(No open questions or follow-ups identified in the transcript.)