While there has been a considerable drop in the number of drivers on UK roads, insurethebox, the UK’s telematics insurance pioneer, recorded a 24% increase in speeding propensity between February and March. As a result, the firm has sustained its award-winning pro-active communication strategy with persistent speeders, with a very clear message that speeding increases the risk of emergency workers being diverted from the crucial job of caring for those suffering from COVID-19. |
With the UK in its second month of active lockdown measures, government enforced restrictions are resulting in fewer cars on the roads. But this seems to have also resulted in more drivers slipping over the speed limit. As well as there being a 24% increase in speeding propensity amongst insurethebox policyholders in March compared to February, the Easter weekend also saw a spike with a 57% increase in speeding propensity compared to the same period in 2019. Gary Stewart, Service Manager at insurethebox, said: “While the majority of drivers have parked their vehicles and remain at home, we have seen an unfortunate trend. The clear roads seem to have resulted in a greater propensity to speed amongst those still needing to drive. We have, therefore, been reaching out to drivers we have seen break the speed limit with personal messages, asking them to join us in supporting the emergency services by not adding any extra strain to their jobs.”
This messaging is in line with one of insurethebox’s principles of operation – active customer contact. Tackling the risks of speeding, especially amongst young and inexperienced drivers, insurethebox runs an on-going communication programme contacting motorists who demonstrate high risk behaviour. In the past four years, this speed reduction programme has seen some 120,000 drivers reduce their speed by 21%, resulting in a 7% reduction in accident frequency. It estimates 1060 accidents have been avoided, with 34 serious injuries prevented in this time. |
|
|
|
Pensions Data Science Actuary | ||
Offices UK wide, hybrid working - Negotiable |
Head of Pricing | ||
London - Negotiable |
Global Specialty Pricing Actuary | ||
London - £95,000 Per Annum |
Client-facing DC investment manager | ||
London / hybrid 3 dpw office-based - Negotiable |
Financial Risk Leader - Bermuda | ||
Bermuda - Negotiable |
Aylesbury Actuaries | ||
Aylesbury / hybrid 3dpw office-based - Negotiable |
Make an impact in protection pricing ... | ||
London / hybrid 2 days p/w office-based - Negotiable |
BPA Implementation Manager | ||
North / hybrid 50/50 - Negotiable |
Head of Reserving | ||
London - £160,000 Per Annum |
In-force Longevity Actuarial Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Make a difference within reinsurance ... | ||
London / hybrid 2 dpw office-based - Negotiable |
Be at the cutting-edge of life & heal... | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Develop your career in life reinsuran... | ||
London / hybrid 2 dpw office-based - Negotiable |
Protection Pricing Actuary - Life Rei... | ||
London / hybrid 2 dpw office-based - Negotiable |
Life (Re)insurance Pricing Manager (P... | ||
London / hybrid 2 dpw office-based - Negotiable |
Take the lead: life & health reinsura... | ||
London / hybrid 2 dpw office-based - Negotiable |
Pricing Tools and Systems Developer | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Actuary | ||
London / hybrid 2 dpw office-based - Negotiable |
Shape the future of longevity | ||
London / hybrid 2 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.