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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