Premium Choice Teams Up With ThingCo

Handy gadget to have on your side if the worst happens

Premium Choice, one of the UK’s leading independent insurance brokers is planning to exploit next generation telematics technology including Alexa powered Voice to support the launch of its first telematics insurance proposition – Aura Insurance – in a new contract with UK Insurtech, ThingCo.

Customers will be sent Theo, ThingCo’s solar powered, voice-enabled telematics device to self-fit to the windscreen of their car.  In an accident, the device will speak to the customer to check if they are OK and alert emergency services if necessary.  The second-by-second data collected will help support driver safety, deliver fair pricing based on actual mileage incurred, and create a smooth claims experience through ThingCo’s Smart FNOL process.

Founded in 1999, Premium Choice has sold over 1 million policies and currently works with over 20 prominent insurers specialising in providing competitive learner driver insurance through their A Choice brand.

Chris Pryor, Head of Telematics at Premium Choice said: “Theo fits simply and quickly on the inside of any car windscreen so this, and the Voice capability really sold the device to us as the right solution for our first telematics product.

“Our expertise at Premium Choice is in the young and inexperienced driver market as well as those with accident or motor conviction history so Voice will be hugely valuable in enabling us to support customers from the moment of impact, in a collision and we will be able to offer risk mitigating advice and tips based on their driving data.  Having this level of insight will also be key to us lowering claims loss ratios for our insurer partners.  The other major advantage is we can confidently quote for low mileage policies when customers are unsure how much mileage they may incur over the next year, with the flexibility to top up if needed.”

Martin Williams, Chief Operating Officer for ThingCo said: “Premium Choice has taken the opportunity to harness next generation telematics technology to offer its customers and its insurer partners much more than conventional telematics solutions could offer. The granularity of the driving data opens up valuable opportunities at every stage of the customer journey and puts Premium Choice in a far more powerful position to control its claim costs.”

About alastair walker 5684 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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