Brokers could be part of new 'Young Driver' scheme

Norwich Union (NU) has stated it is confident its new Pay As You Drive proposition, aimed at young d...

Norwich Union (NU) has stated it is confident its new Pay As You Drive proposition, aimed at young drivers, has huge potential for further development and has not ruled out introducing it into the broking channel.

Pay As You Drive, which is aimed at motorists aged 18-21, uses in-car technology to calculate their premiums based on when and how often they drive their car. A 'black box' style device is fitted into the car and uses global positioning satellite (GPS) technology to record the journeys

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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