Insurtech Flock has teamed up with The Acorn Group to create a connected taxi fleet insurance product. It will target medium and large fleets in the private and public hire sectors and use telemetry data from vehicles to promote and reward safer driving.

Mike Lloyd, CEO of The Acorn Group, said: "We are excited to embark on this journey with Flock. Insurance is one of the largest costs for taxi fleets. Flock’s platform allows fleet owners to properly understand those costs – including which drivers and what behaviours are really costing them money.

“Using this platform, and acting on the data, will allow fleet owners to improve their financial returns. Flock’s technology has also consistently demonstrated its ability to significantly enhance fleet safety. We think the best and biggest taxi fleets will want this technology.”