Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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

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.

katcenka - 16 Mar 2006 20:44 - 221 of 222

look at aviva website, goto this years annual report look at page 14 paragraph 5.. pay as you go insurance announced, 100,000 to be rolled out for 2006..

interim results for TFC on Tuesday... go ahead guys make me rich ;-)

potatohead - 17 Mar 2006 13:04 - 222 of 222

the::unwired Article
NAVIGATION: Destinator Technologies unveiled Destinator 6 for Windows Mobile
Posted by Arne Hess - at Wednesday, 15.03.06 - 13:39:55 CET under 2 - Pocket PC News - Viewed 403x

Destinator Technologies unveiled it's latest navigation software for Windows Mobile at this year's CeBIT: "Destinator 6". Destinator 6 is the latest in a long line of solid product releases, building on the award winning "Destinator PN", "ND" and "SP" software. Numerous enhancements make Destinator 6 faster and easier to use than ever. With more ingenious functions, features and a completely redesigned user interface, Destinator 6 delivers power and innovation that's accessible by all.

An extension of the TMC service will be introduced together with Destinator 6: Thanks to new technology it will be possible to have international, up-to-date traffic information for a one-time license fee. Destinator 6 will be the first mobile system to combine the use of freely available information broadcast by radio stations and realtime traffic flow data from premium specialist service providers (for example RAC Trafficmaster RDS TMC in the UK) transmitted straight to the navigation device. Only a one off fee is needed instead of the user paying for a rolling subscription. With road traffic volumes on the rise across Europe and some roads already at saturation point, this provides business and private users a crystal ball that enables them to save time and money by avoiding traffic jams long before actually reaching them.








An exciting new feature showcased at the Destinator stand at CeBIT was navigation by means of destinations ("POIs") which have been requested via SMS and will be available later in spring. A new service allows Destinator users to query address data via SMS on a mobile phone. This information can be used as a destination for immediate navigation.

Destinator 6 will be available for both Pocket PCs and mobile phones later this spring with a single unified brand name: "Destinator 6".

Destinator was kind enough to provide a preview Beta of Destinator 6 and so far I can seriously say that Destinator 6 is the best Destinator ever! The new user interface makes the use of Destinator 6 that easy, that even a complete navigation newbie can easily find his way. So far I have played with the Pocket PC version only, can hardly await the Smartphone version.

Cheers ~ Arne


Related Links
More Information (PDF)
Article Source

Destinator Technologies Press Information
Related Articles

CEBIT LIVE: BenQ-Siemens officially announced the P51 Pocket PC Phone Edition wi
CONFIRMED: T-Mobile Germany's MDA Vario II is the HTC Hermes.
BROWSER: Opera released Opera 8.5 beta 2 for Windows Mobile Pocket PCs
3GSM LIVE: Tatung launches the M1 Smartphone Platform based on Windows Mobile 5.
3GSM LIVE: Samsung unveils its newest Windows Mobile i320 handset at 3GSM Congre
Register now or login to post to this thread.