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Norwich Union go for 100,000 pay as you drive insurance.. TFC Black Box know as smartnav (TFC)     

potatohead - 17 Mar 2006 13:24

During 2005, we signed a deal with Barclays to become its sole provider of homeowner, motor and travel insurance, and extended our long-standing agreement with Asda to be its sole provider of general insurance until the end of 2009. These deals underscore our position as partner of choice to the UKs top brands. We have achieved consistently strong customer satisfaction scores and won the Insurance Times General Insurer of the Year award for the third year running, underlining the consistency of our performance across the business.

We continue to invest in market-leading initiatives. Our digital flood map is being used in England and Wales, leading to a considerable decrease in the number of policyholders being declined homeowner insurance. We plan to install 100,000 Pay As You DriveTM devices by the end of 2006.

http://www.aviva.com/index.asp?PageID=552&subsection=financial_review

in the link do an edit find and type pay as you drive and press enter, it will take you straight to the article.

and TFC have not announced this yet, TFC results are out on Tuesday

my guess is this will go well over 1 just on this news, there are further new contracts also won.. this also will be mentioned in the results

eggbert - 14 May 2006 17:39 - 10 of 11

Ford is selling the Ka and Fiesta with free Smartnav.Is this part of the Norwich Union deal or something new?

This share must be ready for a jump at some point.The news of 35000 new units had little effect on the share price.Probably because it was expected to be 100,000.This should come in time.

Other good standard fit deals must surely bring profits soon.

tobyboy - 17 May 2006 23:14 - 11 of 11

With the amount of junk mail I get from Norwich Union I think they are desperate for new business.
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