The Floow Announces Next-Generation Connected Insurance Technology that Brings Together Smartphone and Connected Vehicle Data

HERZLIYA, Israel and SHEFFIELD, United Kingdom, Sept. 20, 2022 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Nasdaq:OTMO), the platform powering the mobility economy, today announced that The Floow, an Otonomo company, has unveiled FloowFusion, a breakthrough new technology that enables insurance providers to easily leverage connected vehicle data with existing smartphone data to power connected insurance policies. Following Otonomo’s acquisition of The Floow, FloowFusion is the first solution of its kind that can bring together The Floow’s industry-leading, smartphone-based insurtech solution with connected vehicle data available through the Otonomo Smart Mobility Data Platform, providing access to unique insights that will transform the way auto insurance is written and managed. With FloowFusion, insurance providers can easily leverage mobile and vehicle telematics data to create new connected insurance policy offerings, as well as bolster existing offerings with additional highly accurate data sources to deliver a competitive advantage.

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