CM
You may be right but do you not rate the insurance based announcement. CYH now have access to a large customer base through regional TEFI specialists with established client lists. As the one year insurance contracts come up for renewal the broker can offer a similar and in many cases cheaper quote fixed for 3 years (attractive after the recent rise)with the added benefits and savings to come from the telematics implementation. This advice all comes from a trusted commercial broker. I believe the majority will jump at this and predict huge customer growth over the next 12 months.
The attraction of this is:
No need for a company to part with more money.
Predictable costs and savings extending over 3 years.
Documented predictable savings from Telematics.
Win Win Win.
I believe that the market thinks this is a top move and the timeframe is predictable as every policy will need renewing in the next 12 months. The SP is responding IMHO.
Your contracts will come thick and fast.
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