Insurer keen for more telematics business
RSA has announced it will give underwriting capacity to telematics intermediary Ingenie, which insurers drivers aged 17 to 25.
In a statement, the insurer said it wanted to increase ability to quote for telematics policies.
RSA Personal Lines managing director Mark Christer said: “It’s important to us and Ingenie that young drivers can afford insurance and are safe on the roads. Their track record of a strong management team, the extensive research that went into developing the technology and their refreshing approach to engaging with young drivers and parents made them an obvious choice to team up with.”
Ingenie founder and chief executive Richard King said: “We set out from the start to work with two major motor insurers and so we are delighted to be announcing our partnership with RSA, which complements the success we have already achieved working with Ageas.
“This new partnership will clearly help to extend our reach and ‘quotability’ and satisfy the rapidly increasing demand for telematics insurance in the UK.”
Ingenie’s telematics ‘black box’ includes a motion sensor which captures driving data at ten times per second. Ingenie customers get regular updates on their driving via Twitter-style messages.
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