What's next for Personal Lines insurance?
We are delighted to announce that the leading young driver insurer provider, Marmalade has added Ageas to its underwriting panel for Black Box Insurance.
Who is Marmalade?
Marmalade is a Peterborough based company specialising in insuring young drivers. They offer a range of policies, everything from learner driver insurance to black box insurance and Pay As You Go Insurance.
By adding Ageas to its underwriting panel, Marmalade can now offer some of the most competitive insurance premiums for young and learner drivers across the UK.
The CEO at Marmalade, Crispin Moger, has commented:
“We’re delighted we’ve been able to bring Ageas onto our underwriting panel expanding our portfolio of insurer partners. By teaming up with a market leader in Ageas, we’ll be able to continue offering customers more comprehensive and cost-effective policies for young drivers insuring their own car.”
What does this mean for Ageas?
The deal is expected to bring in around £5 million gross written premium for Ageas in the first three years.
Our Chief Distribution Officer, Adam Beckett has said:
“We see usage-based insurance as a real growth area for the entire industry and we’re excited to join Marmalade’s panel for black box insurance.
“At a time when younger drivers are looking for products that provide good value and brilliant service when it matters, we’re proud to partner with Marmalade to offer exactly that.”
