TRIAL: Sabre pilot SoteriaDrive
Sabre have begun a pilot for the SoteriaDrive telematics solution, the first whole of market telematics-based insurance product available via high-street brokers.
Developed by SSP in conjunction with Wunelli, SoteriaDrive is an app-led solution that also supports black boxes.
It opens up telematics to a potential market of more than 1,000 SSP brokers who account for a large slice of all UK private car transactions in the broker market.
Sabre will shortly be joined by Covea Insurance and three other insurers committed to join the pilot.
The solution has already gained acceptance within the broking community, with A-Plan going to pilot earlier this month.
Adrian Coupland, Head of Data Strategy at SSP, said: “These are exciting times for the insurance industry, with telematics-based policies set to become mainstream in the coming years.
“For too long, local independent brokers, who are at the heart of the insurance industry, have been left out of the telematics-based private motor insurance revolution.
“With SoteriaDrive, SSP is redressing this, firmly establishing its position as leaders in the telematics field.
“This has been recognised by prestigious firms such as Sabre, Covea Insurance and A-Plan, which have a deep knowledge and experience of the motor market, choosing to work with us.”
Patrick Swords, Underwriting Director at Sabre, added: “SoteriaDrive is a unique proposition, the result of a best-of-breed partnership between two companies we have longstanding relationships with – SSP and Wunelli.
“As Sabre is committed to opening up the growing telematics market to our brokers, we are delighted to be at the forefront of such an innovative development.”