Fleet News

Norwich Union withdraws telematic insurance

Norwich Union has stopped offering pay-as-you-drive policies, which use telematics information to allow it to bill policy holders based solely on when and where they drive their cars.

The company blamed the slow uptake of telematics systems, especially the failure of carmakers to install the systems at the manufacturing stage, meaning the insurer had to foot the bill for aftermarket installation of the systems for each customer.

Norwich Union has confirmed that while it has stopped offering the policies and has already written to all affected customers, fleets that are insured with the company will not be affected.

“This is only private car policy holders who will be affected,” said a Norwich Union spokesman.

“None of the fleet customers who use telematics systems will be affected, for them it is business as usual and there are no plans at present to withdraw from this area of the market.”
 

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee