back Back

My Policy to boost motor insurance service with Zurich Insurance’s investment

By Megha Bhattacharya

February 23, 2021

  • My Policy
  • UK
Share

my policyUK-based telematics insurance provider My Policy announced an investment from Zurich Group. Zurich will thus become a long-term insurance capacity provider and join an existing panel of insurers for boosting the company’s growth. Zurich will become a strategic minority investor alongside existing My Policy management and Inflexion Private Equity. The completion of the transaction is subject to regulatory approval which is expected to be confirmed in the first quarter of 2021.

Patrick Quinn of My Policy, said, “In our ongoing effort to tailor our insurance to consumers’ needs, we are aware that increasing our usage-based offering will benefit a greater number of clients as driving patterns change in 2021 and beyond. Zurich’s investment in My Policy enables us to significantly boost our capabilities and this, combined with My Policy’s new pay-per-mile platform, JURNY, and the ongoing support of Inflexion, will help accelerate our growth plans further and meet changing customer needs.”

Established in 1995, My Policy Group is a provider of services across intermediation, data and analytics, product design, etc. JURNY is the company’s new pay-per-mile product where customers are quoted a personal price per mile, which they pay as they drive through a pre-paid account.

Siwan Lu, CEO of Zurich Insurance Mobile Solutions, said, “Our collaboration with My Policy further highlights our commitment to providing user-friendly products to our customers in an evolving world. My Policy Group offers a smarter way for customers to insure their vehicle, whilst also giving them more control over their insurance costs.”

Previous Article

February 23, 2021

AsiaPay, Atome to enable ‘buy now pay later’ (BNPL) acceptance

Read More
Next Article

February 23, 2021

FinTech KILDE raised US$450,000 in a pre-seed funding round

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

My Policy

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 16, 2024

Banking sector highlight customer service interactions as top concern, study shows

Read More

April 15, 2024

The Monday Roundup: what we are watching this week | April 15th

Read More

April 12, 2024

The Weekly Wrap: all you need to know by Friday COB | April 12th

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023