An expert panel of over 20 judges selected ingenie as the winner of the award, recognising the brand’s innovative use of telematics car insurance to help under 25s become safer drivers.
Using the black box technology to assess speed, braking, cornering and smoothness, as well as being incentivised by premium reductions, 70% of the company’s customers have improved their driving.
Mark Cliff, CEO Ageas Retail & Distribution comments:
“At a time when the spotlight is very much on the affordability of insurance for young drivers, this important recognition of ingenie’s proposition demonstrates the value that telematics provides in helping to keep young drivers not only on the road, but safe on the road. The response that we have seen from young drivers who improve their driving behaviour as a result of ingenie’s feedback is really quite remarkable and evidence that this is a tool worthy of further consideration as part of the review of young driver safety. Well done to Richard and the team for the results delivered so far.”
Ageas partnered with ingenie in 2011 to make insurance more affordable for younger drivers. As a result of the partnership, Vauxhall Insurance powered by ingenie was also created, meaning that when a young person buys a new or used Vauxhall – usually a Corsa, Astra or the new Adam – the product becomes available to them. It is exclusively underwritten and administered by Ageas and the product is available in all 600 of Vauxhall’s dealerships nationwide.
As the second largest car insurer in the UK, Ageas maintains a strong commitment to advancing the development of road safety in the UK. For the past two years Ageas has sponsored the publication of the British EuroRAP Results by the Road Safety Foundation, an important annual review of the UK’s road infrastructure.