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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 - 02 Feb 2006 10:48 - 201 of 222

These standard fits are on new models.I dont think it is old news.

potatohead - 02 Feb 2006 13:36 - 202 of 222

it is... look at TFC's website, same bloody cars... but I am glad tfc themselves are ramping us up

this just out

Bridgewell Keeps Trafficmaster At Overweight

Thursday, February 02, 2006 4:57:54 AM ET
Dow Jones Newswires



0842 GMT [Dow Jones] Trafficmaster's (TFC.LN) good start to the year has continued, says Bridgewell, with two new standard-fit deals for its Smartnav satellite navigation system - with Mitsubishi for its new L200 Animal pick-up and with Subaru on its new Impreza WRX STI. Maintains overweight stance, noting Trafficmaster trades on 10.7x Bridgewell's 06 EPS forecasts, a substantial discount to its closest peer, Itis Holdings (ITHH), which trades on 17.3x. Shares +6.2% at 47.5p. (MCR)

driver - 02 Feb 2006 15:27 - 203 of 222

potatohead
Thanks for pointing that out I only spotted the one announcement shame it wasn't announced on another day for greater sp impact, still nice tick up.

Subaru's new super car, the Impreza WRX STI spec. D, will come as standard with Smartnav.
And Mitsubishi Motors UK to fit its Smartnav satellite navigation into its new L200 Animal pick-up.

capetown - 02 Feb 2006 15:32 - 204 of 222

Gr8 tick up 2Day 8%

katcenka - 02 Feb 2006 21:19 - 205 of 222

there is more news out on monday....

so sit tight

driver - 03 Feb 2006 17:26 - 206 of 222

sp held up well today.

Bridgewell Keeps Trafficmaster At Overweight
Thursday, February 02, 2006 4:57:54 AM ET

0842 GMT [Dow Jones] Trafficmaster's (TFC.LN) good start to the year has continued, says Bridgewell, with two new standard-fit deals for its Smartnav satellite navigation system - with Mitsubishi for its new L200 Animal pick-up and with Subaru on its new Impreza WRX STI. Maintains overweight stance, noting Trafficmaster trades on 10.7x Bridgewell's 06 EPS forecasts, a substantial discount to its closest peer, Itis Holdings (ITHH), which trades on 17.3x. Shares +6.2% at 47.5p.

pachandl - 06 Feb 2006 13:11 - 207 of 222

Kat - no news today.

katcenka - 07 Feb 2006 22:26 - 208 of 222

pach probably thursday, tfc tends to issue news either mondays or thursdays, I believe the news will be about chrysler..

after that I will sell as TFC historically drop during february and march.. and will hope to get back in around 38p

eggbert - 10 Feb 2006 23:30 - 209 of 222

Well katcenka you were wrong about the day,but right about the news.

Smartnav fitted as standard on Chrysler Crossfire.A great car just got better.

Check the link.

http://www.chrysler.co.uk/chrysler/versions.aspx?ID=311,5,39

driver - 12 Feb 2006 16:13 - 210 of 222

Re posted for link.

http://www.chrysler.co.uk/chrysler/versions.aspx?ID=311,5,39

katcenka - 16 Feb 2006 22:20 - 211 of 222

http://www.norwichunion.com/pay-as-you-drive/frequently-asked-questions.htm#stopped-offering

norwich union has stopped selling PAYD... read the link as to why??

http://www.norwichunion.com/pay-as-you-drive/frequently-asked-questions.htm#stopped-offering

potatohead - 17 Feb 2006 09:20 - 212 of 222

nice catch

ddoc2 - 17 Feb 2006 09:45 - 213 of 222

after a bit of a pull back I'm back in at 45p, was hoping for a retracement to 40p, but missed out on last jump after last pull back from 37 to 34p. expecting 65p soon, if continues to churn out the contracts

katcenka - 19 Feb 2006 20:23 - 214 of 222

I think its going to pull back a bit more, hope so, I want to top up again

katcenka - 22 Feb 2006 21:23 - 215 of 222

London congestion charge is moving on to pay as you go... it was just announced on the radio... and we know TFC has been working with KEN dont we ;-)

big news tomorrow, congestion charge... awarded to TFC

eggbert - 28 Feb 2006 13:45 - 216 of 222

what happened to the news katcenka?

KEAYDIAN - 28 Feb 2006 18:56 - 217 of 222

Think it called a pump and dump, or a ramp.

katcenka - 28 Feb 2006 20:45 - 218 of 222

actually it was on the radio, but its planned for the extension to the west.. so I suppose the news will issued with the yearend

eggbert - 03 Mar 2006 09:38 - 219 of 222

Good jump this morning,any clues?

driver - 03 Mar 2006 19:12 - 220 of 222

eggbert
No clues but coming back up nice more news on its way I hope.
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