Cybit - "The UK's Leading Online Telematics Service Provider"

The 25% was just a way of indicating to the market to look at the area. 25% of what is something and it does not really mean anything as a 3 million contract does not really mean anything until we know whether it is factored or leased.
The announcement is significant because it has a defined period namely 12 months. The majority will move over on the first cycle of renewals. After that we will just have the cowards without the conviction to make a decision. The driver is the fear of further premium rises. Three years with fixed costs must be looking pretty good to the operators right now.
The move to appoint our own agents opens CYH up to rest of the insurance market not just the NU customer base. Of course it opens up to Masternaut and the like but CYH are making the moves and taking the business by the bollocks.