Hood Group enters three-year contract with the new telematics insurer
The Hood Group has entered telematics by partnering with new motor insurer, Ticker.
Previously only focussed on home and travel insurance, Hood Group has said it has always had an eye on innovation and new business.
Ticker, founded by insurance entrepreneur Richard King in partnership with Munich Re’s Digital Partners, is soon to be launching a new insurance proposition with a self-installable telematics device that is autonomous to the vehicle.
Ticker plans to enter the lower-premium market for cars and vans rather than just being targeted at high-premium younger drivers.
The business has an eclectic group of staff and backers, from Adrian Brown, formerly of RSA and currently at Ardonagh, to Gary Lineker, the ex-footballer and broadcaster.
Simon Hood, Hood Group chief executive, said: ”Ticker is our first entry into the motor market and we’re delighted to be working with such a credible, experienced team on this exciting new project.
”This is a completely new direction for our business, but it’s gratifying to have our reputation for quality services recognised by key players in the insurance industry (and beyond) who only work with like-minded partners.
”This latest venture is a reflection of a lot of hard work from a committed team and we are positive that it will be a long and successful partnership.”
Richard King, Ticker founder and chief executive said: ”Hood Group has an excellent reputation, which is borne out by their impressive client portfolio. From the first meeting, when Simon revealed that the business was looking for a motor insurance partner, we got a good feeling about the approach and can-do attitude.
“Our sales and service team will be front-line ambassadors for the Ticker brand so Hood Group is another vital part of Ticker’s extraordinary line-up of partners.”