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Acting by its administrator, Mr Gary Steven Pettit of PBC Business Recovery & Insolvency Limited Date of administration: 18 August 2023

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Head Office: 01923 692 000
Insurance Sales: 0800 326 5463
Claims Line: 01562 749 681
Verex Group - 730 Waterside Drive,
Aztec West, Bristol, BS32 4UE

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Verex launches new range of insurance solutions for vehicle manufacturers using connected car data and cutting-edge technology

Verex Group, the market leader in dedicated connected services to vehicle manufacturers, their customers and their brand network is extending it’s portfolio by offering a new and exciting range of connected insurance solutions and accident management services. These new and enhanced services will allow leading vehicle manufacturers in the UK, their retailers and customers to benefit from a range of market-leading and personalised services.

Using cutting-edge technology and connected car data management solutions Verex will be offering 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 deliver a seamless customer experience and a streamline approach to the claims process, whilst helping to automate and control claims costs for insurers and vehicle manufacturers.

These solutions will allow partnered vehicle manufacturers to offer these new services to customers much earlier in the car buying cycle. Supported by digital journeys, mobile and self-service apps and integrated with existing sales processes this provides greater support and efficiency to the retailer network in the provision of branded services and greater convenience to customers improving their overall branded experience.

Mark Aryaeenia, Director at Verex Group, said, “With the evolution of digital capabilities and access to increased data and insights, customers are seeking more from their branded insurance and accident services and at Verex Group 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.”

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About Verex Group

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.

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