View
Page
A joint venture between the RAC and technology group Quindell set up to market “black boxâ€-based car insurance has been valued at as much as £1bn, before it has even signed up its first customer. The new company, Connected Car Solutions (CCS), is initially targeting 2.1m RAC breakdown customers and aims to have 1m of them signed up by the end of next year. They will be offered, at no cost of installation, an electronic black box capable of building up a driving profile that can be used to negotiate a better insurance deal and provide information needed to process accident claims. CCS will build up what it believes will be a considerable revenue stream from handling accident and personal injury claims and black box subscription fees of between $5 (£3) and $15 (£9) a month.
Latest from the Community...
Latest from the Community...
Latest from the Community...