ITB joins ILC

Insure The Box (ITB) has become an I Love Claims (ILC) Insurer Partner.

The ‘Partner’ approach is an initiative from ILC that seeks to foster close relationships with insurers in order to achieve a common goal of making the claims industry and its people ‘better tomorrow’.

In recognition of the partnership Mike Brockman, founder and group chief executive of Insure The Box will be speaking at the ILC 2017 Motor Claims Conference on 4 July 2017.

‘The claims eco-system will be going through a significant change in the coming years. The rapid increase of in-car and autonomous technology will change the nature, frequency, severity and sophistication of claims. Being in the middle of the claims industry will never be more important.’

Mike Brockman continued, ‘At the claims stage, our telematics insights allow us to expedite claims more efficiently and identify potentially fraudulent activity. This is all having a positive impact on our claims loss ratios and we look forward to bringing these learnings to our partnership with ILC.’

Chris Ashworth, ILC chairman said, ‘It’s great news that Insure The Box has agreed to become an ILC Insurer Partner. Their approach to technology and innovation, combined with the way the customer is placed at the centre of the claims process, makes them an ideal partner. It now means that their insights and expertise can be made accessible to members of the ILC community.’

Launched in 2010, Insure The Box achieved a significant landmark at the end of 2016 with the accumulation of three billion miles of driving data and all associated claims. This makes the firm the custodian of the largest volume of driving data for insurance in the UK, and one of the most significant driving datasets in the world. Insure The Box is also a champion for safer driving amongst the 17-24 year old age group, who make up the biggest proportion of its customers.

Other ILC Insurer Partners include Ageas, Aviva, LV= and Markerstudy.