Connected motor insurer Ticker has agreed a new partnership with premium finance provider PremFina. The exclusive deal will cover all lines of business from July.
Ticker is bringing connected motor insurance to a wide audience, with a range of tailored propositions, including products for van drivers, novice drivers, low-mileage drivers, drivers with past convictions, drivers over 70 and drivers new to the UK.
Richard King, Ticker’s founder and CEO said: “There are three things we need our premium finance provider to understand: we’re a digital insurer, data science plays a critical role in our propositions and a large percentage of our customers choose to pay monthly. PremFina stood out as the ideal partner to support these foundations and the next chapter of our significant growth.”
Ticker customers manage their policies in the Ticker app, so it’s key that PremFina can seamlessly integrate into the customer journey, allowing them to make changes to the policy themselves.
PremFina UK & ROI CEO, Sharon Bishop said: “Our approach to technology and serving our customers is a great fit for Ticker and the more we found out about them, the more it seemed like a perfect partnership. Ticker customers prefer to use digital channels rather than pick up the phone – which is where our live web chat functionality, 24/7 support bot and self-service platform come into their own.
“It’s great to be working with another digital insurer that shares our passion for widening the market, expanding customer choice – and making insurance easier and fairer for consumers.”
Notes to editors
PremFina is a London based FinTech which is revolutionising the way people pay for insurance. It supplies insurance brokers and companies with a differentiated proposition which offers financing facilities as well as a white label cloud-based Software-as-a-Service (SaaS). Their diverse team together exists to help customers, empower their partners and transform the insurance industry for the better by creating a world where insurance is more accessible and affordable for everyone. www.premfina.com
Ticker is one of the UK’s leading providers of connected motor insurance. Launched in 2019, it is taking telematics mainstream, including products for van drivers, novice drivers, low-mileage drivers, drivers with past convictions, drivers over 70 and drivers new to the UK.
The insurer has developed a cloud-based ecosystem with very high levels of pricing sophistication, resulting in market-leading loss ratio performance. Data science sits at the heart of Ticker, with machine learning and AI employed across many aspects of the business.
Ticker’s focus on customer experience has led to it achieving one of the highest scores on Trustpilot amongst its peers and being named Best Startup at the 2022 Insurance Times Tech & Innovation Awards. ticker.co.uk