telematics inview - insure the box - from the digital insurer
TRANSCRIPT
Telema&cs InView – Insure The Box
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Why Telema*cs?
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“As we see the development of technologies like driverless cars, we will probably get to a point in 30 years where insurance looks nothing like what it does now. The key for us is to keep on top of those trends by remaining close to the manufacturers. The MS&AD deal does just that.”
-‐ Mike Brockman, CEO, Insure The Box
Insure the Box – UK’s Leading Telema&cs Insurer
Background Founded in 2010, Insure the Box was the UK’s first telema*cs solu*on provider
Insures more than 300,000 drivers and reports an average saving of £575 made by drivers below 25. Has > 2 billion miles of data
Owns a sub brand ‘Drive like a girl’, a regula*on driven innova*on
Majority sold to Japanese insurer MS&AD for approx. US$150 million at end of 2014. MS&AD has strong strategic partnership with Toyota
Commentary & insights Insure the Box has captured the Telema*cs opportunity and has moved beyond the pricing advantages: • Also serves as the_ recovery and accident alert system • Driver Self Appraisal Reports helps save life, fuel and environment • Lowers acquisi*on cost, eases claims management, delights customers
Insure The Box have established a strong business model in all key areas including branding. Their sale to MS&AD recognises the importance of car manufacturers in the rapidly emerging eco-‐system
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Policy with different mileage op&ons
Customer Focused
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The Box: Customer Centricity
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Accident alert services
Innova&ng on branding
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New approach to insurance targe&ng safe drivers Regulatory driven innova&on
Dashboard drives behavioural change
Contact The Digital Insurer: hugh.terry@the-‐digital-‐insurer.com
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