Norwich Union is set to pilot pay-as-you-drive motor insurance premiums.
Instead of charging a rate based on information given by customers, Norwich Union will be recording how many miles customers are driving and what areas customers are driving in.
Pay as you drive was pioneered by US insurer Progressive in 1998. Progressive is consulting with Norwich Union on the UK insurers plans to bring the system to market by the middle of the decade.
NU hopes to have 5,000 trial users by the end of the year. It will charge users a flat fee covering liability and other risks and this will be topped up by a fee based on monthly mileage driven, area driven in and other factors provided by on board telemetry.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
