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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

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

katcenka - 03 Jan 2006 21:07 - 153 of 222

its looking damned good

potatohead - 04 Jan 2006 13:05 - 154 of 222

climbing as each day goes by....

STRONG BUY..

Trading update out next week

potatohead - 04 Jan 2006 13:39 - 155 of 222

Peugeot Citroen set to launch mini-size model 207 next week

Posted online: Tuesday, January 03, 2006 at 0211 hours IST




PARIS, JAN 2 : PSA Peugeot Citroen will launch its new mini-sized car 207 next week as it steps up launches to overcome sluggish sales in weak markets, a spokesman at the French firm said on Monday.
The new model will be pitted against the Renault, Clio, selected Car of the Year 2006.



Other B segment rivals are the Fiat, Punto, Ford, Fiesta, VW, Polo, Opel, Corsa and Citroen C3, with which PSA shares a common platform.

The B segment is one of the most hotly contested market areas, and some 3.5 million of these cars are sold each year, mainly to individuals. French 2005 new car registrations, due later on Monday, are likely to show falls in sales at PSA Peugeot Citroen and Renault, which has no new model launches planned until 2007.

The Cetelem consumer credit organisation said last month that it expected new car sales in France to be up 3% in 2005 and rise by 2% in 2006 to 2.12 million vehicles.

European new car sales were down 0.5% at the 11-month stage, with a 2.8% dip in November alone. While Renault is due to unveil a three-year strategy on February 9, PSA Peugeot Citroen has stepped up new model launches.

However, faced with a ramp-up in production of the new models amid weak markets, the group was saddled with excess stock. In October, it reduced its targets for operating profit margin and production.

The 207 will be sold alongside the older 206 model and will be built at Poissy in France and later at Trnava in Slovakia where PSA is investing an additional 350 million euros ($414 million) to boost capacity by 150,000 from the planned 300,000. The Trnava plant is set to start production later this year.

Reuters


katcenka - 04 Jan 2006 23:12 - 156 of 222

and another day up... yeeee haaaa... break out next week

ddoc2 - 05 Jan 2006 12:50 - 157 of 222

definite breakout, at 32, w potential near gain to 40p, follows purchase by non-exec chairman 100,000 at 26p on 22nd, lots of rumours but no other concrete news. something brewing?

potatohead - 05 Jan 2006 13:04 - 158 of 222

trading update on monday

potatohead - 05 Jan 2006 13:18 - 159 of 222

up 10%, tomorrow up another 25%

potatohead - 05 Jan 2006 13:46 - 160 of 222

http://news.google.co.uk/news?hl=en&ned=uk&ie=UTF-8&scoring=d&q=payd

katcenka - 05 Jan 2006 22:00 - 162 of 222

another day up 10%.. wont be long till we hit 1

katcenka - 05 Jan 2006 22:02 - 163 of 222

Pay-Per-Mile Car Insurance: It's Coming.
Money as a Tool Finance, Venture Philanthropy, Trade and Economy see all posts in this category

How can you reward yourself for driving less? Or how can you make the costs people pay more closely match their impact on the world?

Car costs are largely divorced from car usage. Sure, you pay for gas as you drive, but for most cars, the average driver pays about as much for insurance as they do for gas; then there's the car's purchase price and maintenance. For the well-off, purchase price and maintenance can be ameliorated by leasing instead of buying. For low-income people, purchase price is as low as they can find, so insurance is often the biggest cost of having a car. Either way, insurance means being stuck with a fixed cost, no matter how much or how little you drive.

Well, not anymore. At least not in some places. Pay-Per-Mile, or Pay-As-You-Drive ("PAYD") insurance means that your insurance payments are based on how much you drive. Such plans have cropped up in places like the UK, Japan, and even a few US states. The Victoria Transport Policy Institute says that PAYD insurance will "help achieve several public policy goals including fairness, affordability, road safety, consumer savings and choice, and reduced traffic problems." Fairness will be improved because the user's financial costs will more closely match their accident risk--to say nothing of their burden on the roads, traffic, and the environment. Fairness between low-income and high-income drivers is also improved, because as the National Organization of Women's Cents Per Mile website details, low-income drivers often have to bear a higher insurance burden than their mileage or real accident risk warrants. Fairness between genders would even be improved--ever wonder why women pay less in car insurance than men? It's because on average they drive 40% less. (Though their discounts are not as big as their reduced risk.) Road safety and traffic will be improved by encouraging people to drive less, of course, and consumer savings and choice will be improved by giving people the option of using PAYD or staying with traditional all-you-can-drive plans.


Why would insurance companies want to offer discounts for people to drive less? Because if you look at the numbers, it works out in their favor: As Environmental Defense writes, "a 10% reduction in driving is estimated to result in a 17% decrease in crashes." Insurance firms' costs would decrease much further than their revenues. Why would insurance companies not want to offer it? NOW's Cents Per Mile site argues that it would expose some of the unfair pricing structures currently used. But proper marketing should be able to handle this, and smart pricing structures should allow them to improve profits while making pricing fairer. One of the biggest obstacles at this point is no one wants to be the first kid on the block, who has to work out all the kinks, then watch as the rest of the industry jumps on the bandwagon later; but again, good marketing should overcome this, by giving the first kid on the block a great reputation with green consumers (who are extraordinarily brand-conscious and brand-loyal).

Paying by mileage requires some technology to measure how much you drive. There are two ways of doing this: either installing a proprietary odometer that has an embedded phone to occasionally call in your mileage, or installing a GPS with embedded phone (like OnStar) to report your actual routes. Obviously, the latter is a huge privacy problem, and has raised stern objections from some groups. But public-policy-wise, it has advantages: it can charge you not only by how many miles you drove, but by where and when you drove them--driving in congested areas during rush hour costs you more than driving off-peak or in traffic-free areas. Whether these benefits outweigh the privacy concerns depends on who you ask.

So who offers PAYD, and how much would you save?

Plans differ, of course, but some offer as much as a 40% discount for people who drive significantly less than average. Norwich Union, the UK's largest insurer, has offered PAYD for about a year. Their system is GPS-based, charging by time and location as well as mileage. In Japan, Aioi has started offering it with an odometer-based system, according to Cascadia Scorecard. In the US, a pilot program was tried back in 1998 in Texas by Progressive Insurance Corp, though it has yet to be rolled out to normal consumers. It was originally GPS-based, but reportedly switched to odometer-based. In 2004, GMAC and OnStar supposedly partnered to make PAYD (or, as they call it, Mileage-Based Insurance) available in Arizona, Indiana, Illinois and Pennsylvania; however, I haven't been able to find places offering it, just the press release. Their system is / would be GPS-based.

How much will per-mile insurance change the world? The Victoria Transport Policy Institute does not expect PAYD to radically alter people's driving habits, but estimates a 5% - 15% mileage reduction if it were universally available in the US. Still, this is a significant impact, and it sets up the right incentive structure; perhaps over time people's habits would change more significantly. When we first mentioned this topic back in 2003, we quoted a Grist article saying: "Dean Baker, codirector the Center for Economic and Policy Research in Washington, D.C., has noted, mileage-based auto insurance 'may be the biggest free lunch around in reducing greenhouse gas emissions.'"

eggbert - 06 Jan 2006 01:07 - 164 of 222

Smartnav standard fit on Isuzu truck.Is this a new contract?

Advertised in daily press.

potatohead - 06 Jan 2006 17:24 - 165 of 222

no its been a standard fit for over a year now..

RAC is selling NU's PAYD insurance

up another 5% today
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