Acting by its administrator, Mr Gary Steven Pettit of PBC Business Recovery & Insolvency Limited Date of administration: 18 August 2023
Verex Group, the market leader in dedicated connected car services, is now working with 13 leading UK vehicle manufacturers to manage their connected data and offer a portfolio of additional services including an exciting range of connected insurance and accident management services.
These new and enhanced solutions mean many UK car manufacturers will start offering a market-leading and personalised service to customers at the point of vehicle purchase. Using cutting-edge technology and connected car data management solutions Verex will facilitate manufacturers offer a range of services including; Usage Based Insurance (UBI), Pay As You Drive (PAYD) and a proactive “E-FNOL” (First Notification Of Loss) solution. These capabilities will allow the manufacturers to build additional brand loyalty by offering a continued service beyond the point of sale and deliver a seamless customer experience.
Partnered car manufacturers will also make accident claims simpler for their customers by automating the process with insurers and the vehicle manufacturers. Supported by digital journeys, mobile and self-service apps this provides their customers with greater support and efficiency improving their overall branded experience.
Mark Aryaeenia, Group CEO at Verex, said, “With the evolution of digital capabilities and access to increased data and insights, vehicle manufacturers can now offer much more at the point of purchase of a new or used vehicle including branded insurance and accident services building brand loyalty and customer touch points beyond the initial car sale.
We are excited to be leading the way in developing and integrating connected car data into our services. Our solutions allow UK vehicle manufacturers the opportunity to offer a market-leading experience to their existing and new customers, building increased brand loyalty and customer retention.”
For Verex Group media enquiries:
Verex Group is the market leader in the Vehicle Manufacturer Insurance and Accident Management sector. Alongside our network of partners, we utilise the latest innovations in connected data and technology to continually transform our business to achieve our future goals.
Our new range of services will allow vehicle manufacturers to offer a personalised service to their customers. Services will include; Usage Based Insurance (UBI) and Pay As You Drive (PAYD), plus “E-FNOL” (First Notification Of Loss) capture can be fully deployed. These propositions will deliver a more customer service orientated experience, a streamlined approach to accident management and the claims process and create added value into the branded network whilst helping to automate and control claims for insurers and increase parts and repair referrals to vehicle manufacturers.