Key insurance deal announced
Zurich UK has announced a five-year deal to underwrite polices for usage-based insurer By Miles.
By Miles charges a low fixed upfront payment, with months payments based on miles driven.
Zurich’s personal lines head Phil Ost, said: “An alternative, usage-based solution is more important now than ever, as we see a clear shift in how consumers will use their cars post lockdown. And in incentivising those who drive fewer miles, the partnership with By Miles is a firm reinforcement of our commitment to sustainability.”
By Miles CEO and co-founder James Blackham said: “Partnering with Zurich will give our members the peace of mind that they’ll be protected by the best if the worst happens. We’ve seen demand for our pay-by-mile policies continue to increase as UK drivers, understandably, look for more flexible insurance cover that better fits their needs post-lockdown. Having had our strongest ever sales month in July, this partnership will support our continued growth.”
