10 August 2020 | David Young
Zurich UK has announced a five-year deal to underwrite polices for usage-based insurer By Miles
By Miles charges a low fixed upfront payment, with monthly payments based on miles driven. The product is designed for drivers covering less that 7,000 miles per year
Zurich's personal lines head Phil Ost said: "An alternative, usage-based solution is more important now than ever, as we see a clear shift in how consumers will use their cars post lockdown. And in incentivising those who drive fewer miles, the partnership with By Miles is a firm reinforcement of our commitment to sustainability."
By Miles CEO and co-founder James Blackham said: "Partnering with Zurich will give our members the peace of mind that they'll be protected by the best if the worst happens. We've seen demand for our pay-by-mile policies continue to increase as UK drivers, understandably, look for more flexible insurance cover that better fits their needs post-lockdown. Having had our strongest ever sales month in July, this partnership will support our continued growth."
Bymiles
Log in using your IAEA account where you will be able to read IAEA updates, update your personal and business details and much, much more.
Look out for our new revised magazine in the first quarter of 2024 - reach out to our editor if you have any content to share.
For more details or if you have an enquiry, please get in touch by calling 01296 642895. Or if you prefer to use our contact page to email us.