Flock’s business centres on a digital platform that employs AI-based risk models, which analyse real-world driving data.
As part of the agreement, TPG has invested $500m in common equity to back the expansion of Jackson's spread-based business and support the development of future insurance offerings.
The non-life insurer plans to use this partnership to increase its connectivity within digital ecosystems.
The system removes the need for each syndicate to independently manage or maintain software.
