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Norwich Union awards Trafficmaster Pay as you go insurance 5 year deal (TFC)     

Bluedolphin - 05 Oct 2005 13:45

">http://Chart.aspx?Provider=EODIntra&Code=TFC&SiTrafficmaster PLC
05 October 2005

5 October 2005



Trafficmaster signs 5 year contract to work with Norwich Union on "Pay As You
Drive"TM Insurance



Trafficmaster, the leading supplier of digital traffic information and
intelligent in-vehicle services, has signed a five year contract with Norwich
Union (NU) to deliver "Pay As You Drive"TM (PAYD) insurance services to the
motorist.



Trafficmaster will supply NU with an initial quantity of 10,000 advanced "
black-box" in-car units in the first half of 2006. The black box, which is
already being used for both Trafficmaster's navigation unit Smartnav and
tracking device RAC Trackstar, identifies the location of the vehicle to allow
the delivery of PAYD insurance.



NU customers will be offered comprehensive products that provide cost effective
insurance together with a raft of optional in-vehicle services. These will
include safety camera warnings, Smartnav navigation, emergency and breakdown
calls and stolen vehicle tracking from RAC Trackstar.



Tony Eales, Chief Executive of Trafficmaster, said "This is a major new market
for Trafficmaster as it not only provides large scale deployment of our
in-vehicle units but also provides an opportunity to sell our other compelling
services. The deal provides a new way to deliver Smartnav and it will allow us
to offer insurance products to many of our own subscribers."



Stephen Doran, Director of Business Development at Norwich Union said "Our
partnership with Trafficmaster will allow us to deliver some very compelling new
customer propositions combining "Pay As You Drive" TM Insurance from Norwich
Union with a range of added value in-vehicle services that Trafficmaster will
deliver. Norwich Union have been the pioneers of PAYD insurance in the UK, and
this partnership will allow us to take the programme to the next level."



-ends-


Trafficmaster Tel: 01234 759 300
Tony Eales, Chief Executive
Stuart Berman, Executive Director

Financial Dynamics Tel: 020 7831 3113
Ben Atwell / John Gilbert



Trafficmaster

Founded in 1988, Trafficmaster Plc is the UK's leading journey management
company providing high quality satellite navigation, traffic data and vehicle
tracking systems.



Trafficmaster's traffic information is derived from its unique state-of-the-art
network of nationwide static roadside sensors and transmitters that gather and
distribute traffic data from over 8,000 miles of motorway and trunk routes.
Traffic data is then delivered to the customer through a number of screen or
speech-based receivers. These include a variety of in-car products and services
that include its satellite navigation - Smartnav, Trafficmaster Monitor, YQ(2),
Oracle and Freeway units. Traffic information can also be obtained by phoning
the 1740 service, which is run in partnership with the RAC and the UK's main
mobile phone operators.



The traffic data provided through Trafficmaster RDS TMC is used, in conjunction
with third party satellite navigation systems, to route drivers around
congestion. The data is broadcast on licensed radio networks owned by GCap Media
Plc and Chrysalis Radio and is provided to original equipment manufacturers
(OEMs) or direct to automotive manufacturers.



For more information please visit www.tmc.co.uk or www.trafficmaster.co.uk or
contact:



Pay As You Drive (PAYD)



Pay As You Drive is the concept of insurance charging based upon usage.



About Norwich Union Insurance

Norwich Union is the UK's largest insurer with a market share of around 14 per
cent.

With a focus on insurance for individuals and small businesses, Norwich Union
insures:

- One in five households

- One in seven motor vehicles

- Around 800,000 businesses



Norwich Union products are available through a variety of distribution channels
including brokers, corporate partners such as banks and building societies and
Norwich Union Direct.



Aviva, Norwich Union's parent company, recently announced its acquisition of the
RAC. The acquisition brings together the RAC's powerful brand and customer base
with the expertise and leading position in motor insurance of Norwich Union
Insurance.




This information is provided by RNS
The company news service from the London Stock Exchange
END

CNTUUGQAUUPAGMC

eggbert - 14 Dec 2005 19:16 - 133 of 222

Advertised on T.V?What the 406 advert,hardly in your face stuff is it.Piggybacking somebody elses ad.

katcenka - 14 Dec 2005 20:15 - 134 of 222

yes but saves TFC loads of money in advertising

Kivver - 14 Dec 2005 23:37 - 135 of 222

and let face it, they need to save as much as possible.

katcenka - 18 Dec 2005 11:44 - 136 of 222

F1 black boxes to help learners

Learner drivers will receive printouts of their driving techniques from a Formula One-style black box fitted to cars, under plans being drawn up by BSM, Britains largest driving school.
The company wants to raise the driving test pass rate, which has fallen to its lowest ever level. The boxes would record information such as when and how the clutch, brakes and gears are used. The data would be sent via the mobile phone network to a BSM computer and could be printed out to show pupils exactly where they are going wrong.

The idea was inspired by F1, where computers monitor every aspect of a car and its drivers behaviour. Norwich Union is already pioneering the use of black-box technology with its smart box as part of pay-as-you-drive insurance policies for young drivers.

Kivver - 18 Dec 2005 12:16 - 137 of 222

80p to 26.5p in a year any other smart tips?? oh scotty, must have a look.

Kivver - 18 Dec 2005 12:19 - 138 of 222

good one scotty 4.5p to 1.73p. in a year. You ought to join the shorters trading you will make a mint. No i'll use your tips to short. im going to be rich. Keep em coming please Kat.

katcenka - 18 Dec 2005 22:26 - 139 of 222

here you go kivver I found a poll you can join in expressly for TFC...
http://boards.fool.co.uk/Message.asp?mid=9699314

Kivver - 19 Dec 2005 18:12 - 140 of 222

that was easy - Just leave our money in these shares and watch our money wither away. Site and comment threads on the site not very positive, suprised you are??

potatohead - 20 Dec 2005 13:22 - 141 of 222

Isuzu has launched a new, ultimate-luxury Rodeo five-seat, four-door double-cab pickup called the Denver Max LE with almost 6,000 worth of accessories for just over 2,000 extra.

Priced at just shy of 20,000, the Denver Max LE adds a performance pack, 18 ins prodrive alloy wheels with 255/60 Pirelli scorpion zero tyres, two-tone leather seats and door inserts, a prodrive mesh grille, a tough load-liner and an XTC hard top.
http://www.askaprice.com/torque-article.asp?article=Isuzu_launches_luxury_pick-up&item=796
Also standard is a Bluetooth kit, SmartNav satellite navigation with touchscreen, one year's free SmartNav subscription, one year's free RAC Trackstar subscription and three months' free use of SafeSpeed.

Other Max features include a soft-type front A-bar with chrome insert, chrome side steps, rear chrome bumper and light guards and brushed steel door entry guards.

This is in addition to air-conditioning, a radio/CD-player, four electric windows, leather-wrapped steering wheel, keyless-entry and selectable 'shift-on-the-fly' 4WD or 2WD at speeds up to 60 mph.

Kivver - 20 Dec 2005 14:19 - 142 of 222

They have brought out news like this forever but look at the shareprice.

eggbert - 20 Dec 2005 15:56 - 143 of 222

How many units do they expect to shift?Sounds a good price for the spek.

Kivver - 20 Dec 2005 19:25 - 144 of 222

Only lost 3% today things are looking better??

potatohead - 28 Dec 2005 14:07 - 145 of 222

Is "Pay As You Drive" insurance for me?
If you can answer yes to the following questions then you could save money with "Pay As You Drive" insurance:

Are you aged 18-25?
Do you want fully comprehensive cover?
Do you own a car aged 1986 or newer with a 2.0 litre or smaller engine?
Do you drive mainly between the hours of 6am and 11pm?
If you fall outside this criteria you can register with us to be kept uptodate with further offerings that may be suited to you.

How much could I save?
If you generally drive under 10,000 miles each year then "Pay As You Drive" could save you money.

In fact, Matthew Smith from Aylesbury managed to halve his insurance premium by switching to "Pay As You Drive"

Your monthly bills will be made up of a fixed base premium, which covers risks such as fire and theft. In addition to this are the following variable costs:

The first 100 off-peak miles FREE per month
The next 400 off-peak miles (6.00am - 10.59pm) from as little as 6p per mile
All other off-peak mileage from as little as 4p per mile
All peak mileage (11.00pm - 5.59am) 1 per mile
Call 0800 015 4913 now for an individual quote.

What happens next?
If, after having spoken to one of the call centre advisers, you decide to take out a policy you will be covered immediately and we will arrange for a suitable time for someone to come out and install the Smart Box into your vehicle.

How does this benefit young drivers?
We reward you with cheaper rates between 6am and 10.59pm as younger people are less at risk if they drive between these times so you can control your premiums by controlling when you drive.
The first 100 off-peak miles are FREE every month.
The Smart Box has a stolen car locator so if you notify us that your car has been stolen we can use the built in GPS technology to attempt to locate your car.
You can choose to take advantage of a monthly bill* that details all your journeys so you can help to control your premiums.
If you take out a policy before 31st December 2005 you get your very own Smart Box worth 200 supplied and fitted FREE.


Trafficmaster chairman buys 100,000 shares in co

LONDON (AFX) - Trafficmaster PLC said that Colin Walsh, its non-executive
chairman, has purchased 100,000 shares in the company at a price of 26 pence per
share, taking his total holding to 200,000 shares.
newsdesk@afxnews.com
ak

COPYRIGHT

katcenka - 28 Dec 2005 22:38 - 146 of 222

just added to TFC's website... oh dear derampers are losing it

another standard fit... oh dear

http://www.trafficmaster.co.uk/page.cfm?key=AutoTrail

AutoTrail
Auto-Trail, one of the UKs leading motor-home manufacturers, includes Smartnav within its optional SE pack as standard. This means that drivers will benefit from advanced navigation that automatically guides you around traffic delays and make journeys stress free.

oh dear and another deal

Iveco
Iveco, the light commercial vehicle manufacturer has chosen Smartnav as its option fit satellite navigation in its award winning Daily commercial vehicle range.
http://www.trafficmaster.co.uk/page.cfm?key=Iveco

oh and some more

Bentley
In an agreement with Siemens VDO Dayton, Trafficmaster provides its RDS TMC service on satellite navigation systems fitted into Bentley vehicles.

http://www.trafficmaster.co.uk/page.cfm?key=Bentley

http://www.trafficmaster.co.uk/page.cfm?key=transportforlondon
Transport for London
Transport for London (TfL) and Trafficmaster have developed a data exchange system which enables the companies to share data recorded by their respective journey-time recording camera systems and provide accurate, real-time information for Londons motorists.

TfL use traffic monitoring cameras to measure real-time journey times in central London, while Trafficmaster use similar Automatic Number Plate Recognition technology to measure real-time journey times on most of the key routes through inner and outer London. By merging the two data sets, TfL and Trafficmaster is able to offer drivers in London a number of benefits through various elements:

Trafficmasters customers benefit from the shared data, as it offers better routing and journey time information through London for its satellite navigation system, Smartnav and for its other traffic products.

Trafficmaster provides TfLs London Traffic Control Centre (LTCC) with real time traffic information to monitor the performance of Londons road network and allow early detection of delays. The LTCC can then take action to alleviate congestion problems as soon as they occur.

The LTCC shares real-time journey time information with the public through the TfL website, the media and variable message signs (VMS), enabling drivers to plan their journeys and accurately calculate estimated times of arrival.

TfL uses this comprehensive data system to monitor and analyse the long-term performance of Londons main road network. Road improvement and traffic management schemes can then be implemented to help improve the operational efficiency of the roads and reduce congestion.


potatohead - 29 Dec 2005 10:35 - 147 of 222

READ THE ABOVE

Kivver - 29 Dec 2005 14:18 - 148 of 222

look at the share price, many months of so called postive boring copy and pastes of contracts and news, promise the price is ready to take off. The price has gone down or sideways. whats the opposite of deramping. i think tfc should eventually turn positive, genuine posters might what to add a little info of why the sp is depressed or what is holding back and when can we expect those problems to be overcome. or has the market not recognised when a good company this is???

dynamicsoul - 29 Dec 2005 19:55 - 149 of 222

uncertainty is the only reason...

Kivver - 30 Dec 2005 09:09 - 150 of 222

are you sure?

dynamicsoul - 30 Dec 2005 19:30 - 151 of 222

yes the city is uncertain the positive news is adding value to the company as it stands. and consequently its price is heading down because of that. any news to clear the uncertainty will no doubt rebound the price slightly. but to break this downtrend? I dont know. may take more than contract wins.

potatohead - 03 Jan 2006 13:18 - 152 of 222

ready for blast off
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