Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.

NEWS

02nd Nov 2015 Capital return update
30th Sep 2015 Interim Results Presentation For The Six Months Ended 30 June 2015
30th Sep 2015 Interim Results for the six months ended 30 June 2015
17th Aug 2015 Board appointment/Change of Nominated Adviser
06th Aug 2015 RESTORATION OF TRADING ON AIM
05th Aug 2015 Regulatory update
05th Aug 2015 Results and publication of Report and Accounts for the year ended 31 December 2014

EVENTS

26th Nov 2015 General Meeting
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)


WEBSITES


DEDICATED & UPDATED POSTS

Ingenie



'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

This offer for the Vauxhall ADAM was announced last month but just highlighting this advert which is dated today:

Young Drivers On The Road For Less
Article by luke.mezzone@cmsk.co.uk
March 19th, 2015

Following the success of its young driver insurance offer on Corsa, which was taken up by over 1,500 customers, Vauxhall is offering the same great deal to young ADAM drivers to help lower the cost of motoring.

Drivers aged 18-20 can get one year’s insurance cover for a one-off payment of £99, which they can even earn back, and 21-75 year olds can get free insurance on most ADAM models.*

“With young drivers potentially paying upwards of £2,000 for insurance when they are 18, this offer for ADAM drivers is an amazing deal and shows our commitment to lowering the cost of motoring,” said John Hennelly, Vauxhall’s Marketing Programmes Manager.

The £99 insurance offer for drivers aged 18-20 and the free insurance offer for 21-75 year old drivers is available for all eligible orders or registrations up until 6 th April 2015 when an ADAM is taken with either a 2.9% PCP contract or a contract hire agreement.

To qualify for the offer, 18-20 year old drivers simply have to allow insurance provider, ingenie, to install a ‘black box’ to monitor driving style, including speed, acceleration, braking and cornering. Under the previous Corsa offer, over 70 per cent of customers received a money back discount.

They will receive a score from ingenie every ten days or so (depending on mileage) via a smartphone app. If they drive well, they will be rewarded with up to £33 per quarter – meaning they could recoup the cost within 12 months.

“We’ve made it our mission to help get young drivers on the road without breaking the bank, and most importantly to keep them safe while they’re there,” said Richard King, founder and CEO of ingenie.

The offer is available on JAM, GLAM, SLAM, ROCKS and ROCKS AIR models in the ADAM range, with only the ADAM GRAND SLAM excluded. However, Vauxhall is making the GRAND SLAM as affordable as possible with a 2.9% flexible PCP contract offer, so drivers can get behind the wheel for just £199 per month with a deposit of £2,572.35.

Possible future interest:

Pete Karageorgos @PKarageorgos
· 15 hrs 15 hours ago
Good meeting with @ingenie_Richard of @ingenie_ca today! Innovative product for young drivers.

(Pete Karageorgos

@PKarageorgos

Director, Consumer & Industry Relations - ON, Insurance Bureau of Canada. Father, Husband, Youth soccer coach, Comm. & Ins. professional. Opinions are my own.

 Toronto, Ontario)

https://twitter.com/PKarageorgos

ingenie Canada Inc. chooses Keal Technology as its Broker Management System Provider

Toronto, ON (Mar. 19, 2015) – Keal Technology, innovators in broker solutions, have announced that ingenie Canada Inc., an insurance telematics brand for young drivers, has selected Keal's SIG solution to support its newly launched online quote and buy system.

ingenie allows young drivers to be treated as individuals by use of its Smartbox telematics technology, which builds a picture of how they really drive. Customers are given a 10% up-front saving when they buy insurance with ingenie, and the opportunity to earn up to an extra 25% Good Driving Discount. Billing is reviewed three times each year, which means customers can start saving after just three months. Additionally, they receive regular driving feedback online or via their mobile app to help them improve.

Keal's SIG solution was chosen by ingenie as their Broker Management System. Working with ingenie's real time quote and buy website, SIG works behind the scenes to allow customers to gain a quote and then bind the policy online, capturing all of the customer information for the brokerage records. Payment can be taken via a number of methods, including credit card. SIG then integrates with Aviva's systems to send the policy information to them, which returns a policy number in real time into SIG.

Lorie Phair, CEO of ingenie Canada Inc., speaks to their decision to choose Keal, "The new ingenie quote system is the first to give young drivers the flexibility to get an insurance quote, check how much they could save by driving well, and then complete their purchase online. We chose Keal because they are the only vendor that would be able to quickly create the integration between prospects to insurer with the support and control of the brokerage."

Pat Durepos, President of Keal, states: "This solution is a great example of what e-brokers require in 2015. Consumers want to transact electronically from any device, 24/7 and 365 days a year. They also want to do this under the comfort of their trusted advisor Broker. This solution makes this a reality."

Keal's ability to respond to their Broker-Partners' changing needs opens the door to future development projects and innovations that will allow their clients to remain relevant in an ever-changing marketplace.

About Keal

Keal Technology is the expert in Canadian broker innovation and a leader in the BMS (Broker Management Systems) and CMS (Commercial Management Systems) marketplace for insurance and financial services brokers. They offer an integrated suite of products designed to increase revenue through efficient use of technology. For more information, visit www.keal.com.

About ingenie

ingenie is an innovative young driver insurance brand that uses telematics technology to reward safe driving with savings. ingenie builds a picture of a driver's individual style, awareness and safety on the road, rewarding those who drive well with up to an extra 25% Good Driving Discount and helping those who need improvement become safer. ingenie was awarded the prestigious Prince Michael International Road Safety Award in 2013, in recognition of its work to help make young drivers safer on the road. Among a number of industry awards, ingenie has won best start-up at the 2014 British Insurance Awards and insurance innovation of the year at the Insurance Times Awards.

SOURCE: Keal Technology

Young driver conference fully subscribed
Thursday 19th March 2015



A conference devoted to the challenge of reducing collisions involving young drivers, to be held in London next month, is now fully subscribed.

Young Driver Focus, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April. The event is sponsored by ingenie and the venue provided courtesy of the RAC Foundation.

The capacity for the venue is 150 delegates which was exceeded more than a month prior to the event taking place.

The conference comprises four sessions looking at young driver research and interventions, the use of telematics to influence driving behaviour, and the driver training process – plus an expert panel discussion.

The conference will open with an address by HRH Prince Michael of Kent GCVO and the speaker line up includes: Professor Stephen Stradling (Edinburgh Napier University), Michael McDonnell (Road Safety Scotland), Richard King (ingenie), Ian Edwards (eDriving Solutions) and Dr Shaun Helman (TRL).

The inaugural FirstCar Young Driver Road Safety Awards 2015, sponsored by ingenie, will also be presented at the conference. The awards have received a total of more than 50 entries across the three categories.

James Evans, FirstCar’s founder, said: “We are delighted with the level of interest in the conference and the commitment from within the road safety profession to reduce the number of collisions and casualties among young drivers.

“We are also surprised and delighted with the number and quality of entries we’ve received for the FirstCar Young Driver Road Safety Awards. The interest has far exceeded our expectations. The judges face a challenging task in selecting the winning entries from such a high quality field.”

Although the event is fully subscribed, anyone who would like to attend can complete the booking form and will be offered a place in the event of a cancellation.
- See more at:
http://www.roadsafetygb.org.uk/news/4260.html#sthash.KCiuOy4k.dpuf



http://www.roadsafetygb.org.uk/news/4260.html

https://www.youtube.com/watch?v=ADL5qPxFehM

Cheers aldwickk, pretty balanced view.

http://quindellecho.com/2015/03/20/signs-look-positive-regarding-quindell-sg-deal/

Maybe not tomorrow then.






hxxp://betaville123.blogspot.co.uk/




Betaville


Sunday, 22 March 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 14



I hope your having a good weekend Betavillers.

I have been getting a lot of questions (and a fair amount of abuse, too) in recent days about the Slater & Gordon/Quindell story I have been covering in the last few weeks.

For readers that don't recall, the £640 million sale of Quindell's legal services division to Australian law firm Slater & Gordon had been scheduled to be announced tomorrow.

However, I understand the timetable for the announcement of the Slater & Gordon takeover of Quindell legal services unit changed last week.

Sources familiar with the situation tell me the deal is now on course to be announced at the end of this (upcoming) week instead of tomorrow - although one person cautioned there could be further delays to the timetable.

ingenie to sponsor Young Driver Focus 2015
Friday 20th March 2015



ingenie has been unveiled as the main sponsor of Young Driver Focus 2015, and Richard King, ingenie CEO, will deliver a keynote presentation at the event.

Young Driver Focus*, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April, courtesy of the RAC Foundation. With a capacity of 150 delegates the conference was fully subscribed more than a month prior to it taking place.

In a little over three years since formation, ingenie has disrupted the market and established itself as one of the leading insurance brands for young drivers.

ingenie is all about helping young people become better, safer drivers. By fitting a black box in the car, ingenie builds a picture of its customers’ unique driving styles so they can be treated as individuals and earn discounts for good driving.

ingenie provides regular driving feedback – including speed, acceleration, braking and cornering – both online and through the ingenie app. Customers can keep an eye on how they are driving and how much they are on track to save. Put simply, the concept is 'drive well, pay less'.

Since founding ingenie, Richard King has become passionate about road safety and is a regular TV and social media contributor on the issue.

Richard will use his presentation to give an overview of the positive impact of telematics within ingenie’s community of young drivers, evidence of which was revealed in its recent Young Driver Report. He will also discuss what it will take for the growth of telematics to continue, and what the future holds in terms of Government support.

Young Driver Focus 2015*

The conference comprises four sessions looking at young driver research and interventions, the use of telematics to influence driving behaviour, and the driver training process – plus an expert panel discussion session.

The conference will open with an address by HRH Prince Michael of Kent GCVO and the speaker line up includes: professor Stephen Stradling (Edinburgh Napier University), Michael McDonnell (Road Safety Scotland), Richard King (ingenie), Ian Edwards (eDriving Solutions) and Dr Shaun Helman (TRL).

Although the event is fully subscribed, anyone who would like to attend can complete the booking form and will be offered a place in the event of a cancellation. - See more at: http://www.roadsafetygb.org.uk/news/4263.html#sthash.yIwnGM1S.dpuf

From the ingenie Canada website and their blog.....a round-up of last weeks Online and Radio exposure:


ingenie in the news

It's been pretty busy around here since launching our new online quoter, designed to make it easy for young drivers get a quote, check how much they could save by driving well and then buy their insurance online.

ingenie founder Richard King has been busiest of all, doing interviews for newspapers and talking on the radio about how ingenie can help young drivers in Canada make their insurance costs more manageable.

Spoiler: if you drive well, you pay less!

http://www.ingenie.ca/blog/2015/03/ingenie-in-the-news/#.VRBrSmdybmF

General interest as in ingenie are one of the sponsors:

Roadio becomes first social venture from Wayra UnLtd to exit
Last updated: Tue Mar 24 11:59:33 GMT 2015

a2om acquire Roadio, creator of mobile tech to improve the way people learn to drive.

a2om (pronounced “atom”) has acquired Roadio. Financial terms of the deal were undisclosed.

The transaction is a milestone for the UK's social tech scene as Roadio becomes the first Wayra UnLtd start-up to have had an exit. Roadio were part of 2014's Wayra UnLtd cohort.

a2om operates a business model combining social and commercial ventures. The company provides a schools-based driver education programme called Drive iQ through sponsorship from companies like Michelin, Exxon Mobil and ingenie. The commercial portfolio of driver risk assessment, education, data capture and reporting to fleet drivers is delivered through DriverMetrics Ltd, a Cranfield University spin out, serving companies like Shell and Unilever in their global risk management programmes.

Roadio itself is the creator of mobile technology designed to improve the way people learn to drive. They develop innovative apps for learner drivers and driving instructors and have a social mission of using tech to enhance the standard of drivers and the safety of roads, targeting the problem of road crashes being the biggest killer of under 30s in the UK and globally.

http://www.angelnews.co.uk/article.jsf?articleId=18041

Shortlist unveiled for 2015 FirstCar Awards
Tuesday 24th March 2015

23 organisations are in contention to pick up an award at the inaugural FirstCar Young Driver Road Safety Awards, sponsored by ingenie, which will be presented in London next month.

FirstCar launched this new awards scheme to recognise the work of road safety professionals in seeking to reduce casualties among young drivers. The inaugural awards will be presented at the Young Driver Focus 2015 event at the RAC Club in Pall Mall on 15 April.

Richard King @ingenie_Richard
· 2 hrs 2 hours ago
Thanks to @AutoExpress for the great coverage in their current issue



https://twitter.com/ingenie_Richard

General interest along with highlighting one of the ways ingenie involve/target their customers/potential customers:

Is taking your instructor on your driving test a good idea?

4 reasons to take your instructor along on your driving test

1.Moral support

It's scary, OK? If you suffer with nerves before an exam or interview, it might help you to know the person you learned all this stuff with is sitting right behind you, willing you to do well.

But: you might feel more pressure to do well so you don't let them down.

2.Memory triggers

Your instructor isn't allowed to talk or signal to you during the test but their presence could act as a memory trigger - what did they say EVERY SINGLE TIME you moved off even though you already did it?

I can hear my instructor's voice ringing in my head, asking me if I've checked my bloomin' blind spot.

But: you might be distracted by having someone in the back when you're not used to it.

3.Note taking

You can bet your life that your driving instructor will be making a mental note of every single mistake - not because they're horrible; because they really, really want you to do well.

If you don't pass, your driving instructor will know the exact areas you need some more practice on, so you can target your next few lessons perfectly to help you pass next time.

But: two people watching you instead of just one may increase those performance nerves.

4.After-care

When you finish your driving test, your examiner will give you a de-brief: a run down of how you did. If you didn't pass, they'll probably give you some pointers that you can work on before trying again.

Having your instructor there means that - while you're busy shaking and swearing - someone is actually listening to the advice, and can repeat it to you later.

But: nope, no buts. It's definitely a good idea to have your instructor there for the de-brief.

So, will I take my own advice?

I think so! To be honest, I don't think I'd have the heart to look my driving instructor in the eye and tell him I didn't want him there. Not after everything we've been through together.

'Til pass do us part.

Looks like its a DONE DEAL !!





ASX-listed legal eagle Slater & Gordon is poised to acquire the professional services division of British insurance claims processor Quindell, lending sources told Street Talk.

A deal has been struck at roughly $1.2 billion or seven times earnings before interest, tax, depreciation and amortisation. The purchase will be predominantly funded by an $890 million equity raising, managed by Citigroup and Macquarie Capital.

Sources said an agreement was close to being finalised on Sunday night with the transaction set to be announced as early as Monday morning

Quindell, which is listed on London's Alternative Investment Market, has been in exclusive negotiations with Slater & Gordon since January. As part of the transaction's due diligence, it's understood over 8000 case files were reviewed by a team of 70 lawyers over six weeks.


Analysts said the acquisition, which brings the No.1 and No.3 UK players together, was likely to be more than 30 per cent earnings accretive. It will double Slater & Gordon's UK market share and propel the company into the ASX-100, potentially putting it on the radar of large cap fund managers.

Slater & Gordon shareholders are known to be supportive of the purchase. As part of the deal, the two parties are understood to have agreed to an innovative earn-out agreement around Quindell's troubled noise-induced hearing loss unit.

Since becoming the world's first publicly listed law firm in 2007, Slater & Gordon has grown significantly via acquisitions.

It has grown personal injury claims market share in Australia to 26 per cent from 8 per cent since listing. In the UK, which is five times the size of the Australian market, it has grown to a forecast 5 per cent share this year from nothing in fiscal year 2011.

Sunday, 29 March 2015

Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 15
It sounds like Slater & Gordon's purchase of Quindell's legal services division for £640 million is about to be announced.

The Australian Financial Review is reporting Slater & Gordon is "poised to acquire the professional services division of British claims processor Quindell". Here is a link:

http://www.afr.com/street-talk/slater--gordon-carves-up-in-uk-with-quindell-acquisition-20150329-1ma5qf

Indeed, I have been told by top sources the deal has now been "signed", with Slater & Gordon paying around £640 million in cash for the Quindell unit.

So, keep an eye out for the formal announcements from both companies this evening and tomorrow morning.

Do not sell below £4.90

Tonights offer values Quindell at 490p a share / total value £2.16bn so hold onto your shares:
Prof services £640m +300m from slater and Gordon
Mobile doctors £140m (‘It now makes £14 million of profit before tax,Put it on a reasonable 10-times earnings, that’s £140 million.’ Down the line (assuming Mobile Doctors was sold) ‘we’d use that sort of cash inflow for a mixture of share buybacks and special dividend.)
Telematics £831m (Quartix has 67k boxes and valued at £82.51m, quindell has 675k and is adding at 20k a month at the end of q4 which implies £831m valuation for quindells telematics business alone.) You know the telematics contracts are valuable in the USA as qpp recently bought out the himex minorities therefore they have sight of the potential exponential growth of those USA contacts and ingenie USA launch
Challenger software business £250m
But IMO this might be a merger of prof sev with sgh thereby giving qpp shareholders two shares for each one held - a share in merged legal business and share in remaining tech business. Both of these shares would rerate considerably - prof services under legal co ownership and analyst coverage by analysts that understand legal accruals and deferred cash generation could rerate to 20x as per sgh and then telematics and software could be valued at 25-30x by tech analysts.
Bottom line I would prefer sgh equity listed in London rather than £640+300 cash

Ingenie USA announcements due soon Https://twitter.com/ingenie_richard/status/502870698743046144
USA telematics about to become seriously large opportunity. Quindell supplies 3 of the top 20 personal lines insurers in the US including Liberty Mutual and American Family (pilots with 4 more) and current negotiations for global telematics 3-5 year exclusive contracts represent over 60% of the projected subscriber base already) American Family UBI leader joined Himex following roll-out! = Https://www.linkedin.com/pub/pete-frey/7/4ba/a94 Liberty = http://prezi.com/xffv6tmx44ez/supporting-libertys-road-to-implementation/?utm_source=twitter&utm_medium=landing_share
If sprint/other partner took a stake in Quindell in exchange for jointly developing the USA telematics business towards a Nasdaq listing this share would rocket and the conspiracy theories would be over. I suspect such a deal will be announced very soon. Sprint has been advertising together with HImex in the USA insurance trade press: http://www.insurancejournal.com/services/newswire/2014/10/06/342697.htm

Quindell nears Slater & Gordon deal
March 29, 2015 6:49 pm
Arash Massoudi and Henry Mance — London

Slater & Gordon, the Australia-listed law firm, is close to acquiring the professional services arm of controversial British insurance claims processor Quindell for about £700m, according to people familiar with the situation.

Quindell was expected to return £500m of the proceeds from the sale to shareholders, one of those people said.

The deal marks a recovery for Quindell, which some market participants had suggested was running out of cash late last year when it commissioned PwC to investigate its weaker than expected financial results. Its market capitalisation was £609m on Friday, compared with a peak of more than £2bn a year ago.

Slater & Gordon, one of the world’s first publicly traded law firms, has been expanding aggressively in the UK, mostly handling “no win, no fee” personal injury claims. In its home territory, it has a track record of bringing class actions. The UK accounted for nearly half its A$418m (US$327m) revenues last year and its market capitalisation on Friday was £795m.

The transaction could be unveiled later on Sunday, ahead of the Monday opening of Australian markets, although people familiar with the discussions cautioned that the details were still being finalised.

Under the terms of the deal, the Australian law firm is poised to pay £637m in cash for Quindell’s core road traffic incident unit. It will also include a share of receipts from the settlement of hearing loss cases, which could be worth a further £100m.

Quindell’s professional services division — which mainly handles the legal and other aspects of car insurance claims — accounts for almost 90 per cent of its revenues and profits. Slater & Gordon’s acquisition values the unit at about 7 times its earnings before interest, depreciation, taxation and amortisation.

Quindell’s overall valuation has still fallen since a short selling attack led by Gotham City Research a year ago.

Gotham published a dossier of allegations about its profitability and corporate governance. The Aim-quoted company became a cautionary tale for London’s junior stock market, becoming entangled in various scrapes including a misdescription of a directors’ share sale as a purchase.

Its joint broker Canaccord Genuity and its public relations adviser Redleaf Polhill both resigned last year.

Quindell’s shares have recovered in recent months, after it disclosed in January that it had entered into negotiations with Slater & Gordon over the sale of its legal services division, although they remain sharply lower than a year ago.

The group’s founder Rob Terry is unlikely to benefit greatly from the deal, having reduced his shareholding below the disclosable threshold of 3 per cent following his ousting as chief executive late last year.

Slater & Gordon will finance the purchase with an AS$890m equity raising.

The professional services unit had revenues of £177m in the three months to September 2014.

Quindell’s other division, “digital solutions”, provides black boxes for use by motor insurers.

Quindell and Slater & Gordon did not comment.

Slater & Gordon-Trading halt until 2nd April

PSD Acquisition and Entitlement Offer - Presentation PDF 80 pages 1.6MB