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Catch up with the latest press releases from LV=

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LV= Broker gets behind the wheel with ingenie

Press release: 02/09/2015

  • LV= Broker joins ingenie telematics panel
  • Insurer rewards safer driving with up to 21% discount on car insurance
  • Telematics product targets younger drivers aged 17-25

LV= Broker is joining ingenie’s panel of insurers providing underwriting capacity for the telematics car insurance brand aimed at younger drivers. The new partnership, launching today (2 September 2015), will enable LV= Broker to expand its telematics offering to the market.

ingenie’s black box product is for drivers aged 17-25 and assesses their speed, acceleration, braking and cornering behaviours, rewarding those who drive well with discounted premiums. Price reviews three times a year mean that good driving can be rewarded with discounts of up to 21%. Driving feedback is provided via a smartphone app or online, offering advice on how to improve and be a safer motorist.

LV= Broker began underwriting telematics for the broker market in 2013 and in addition to the ingenie panel appointment, is currently working with a number of broker partners.

Technology is having a significant impact on our industry, especially the motor market. As insurers, it’s important that we continually adapt and telematics technology in particular enables us to encourage safer driving and offer more affordable car insurance. We’re looking forward to working with ingenie and extending our telematics offering to the broker market and younger drivers.

Michael Lawrence, Personal Lines Director at LV= Broker

LV= Broker is an excellent addition to our panel. We’re committed to working with the UK’s top insurers to make sure that drivers fully benefit from telematics innovations in the motor industry.

ingenie CEO Chris McKee

For further information please contact:

Nina O'Donohoe, nina.o', 020 8256 6982 / 07776 316316

LV= Broker

LV= Broker is part of the LV= group of companies, and incorporates Highway Insurance and ABC Insurance. LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs 6,000 people and serves over 5.5 million customers with a range of financial products. We are the UK’s largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trade unions.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.