General Insurance Article - Wunelli responds to ABI five point action list

 Selim Cavanagh, VP Telematics at Wunelli says: “We welcome the ABI’s report and the recommendation that motorists seek out telematics based motor insurance to help cut insurance costs. We also support its recommendations in respect of Graduated Licensing (GDL) to improve the safety of young drivers. We firmly believe, however, that in the absence of GDL, making telematics mandatory for high risk, younger drivers would have a long-term impact on the amount of road traffic accidents that occur every single day.

 “Something as simple as installing a telematics device will promote safer driving and we have already campaigned to make these policies more affordable by excluding them from IPT in order to increase the popularity of telematics in the younger generation. We need to go a step further than this and make it mandatory in the high risk younger age group.

 “Young drivers should be rewarded for taking out insurance and motivated to drive well. Telematics should be the way to provide those most at risk with affordable insurance and incentivise them to drive safely. It’s no coincidence that as telematics based insurance has increased in popularity in the UK, RTAs involving young people have fallen but we need to do much more to protect the lives of novice motorists today. We support the ABI’s call for Graduated Licensing as a means to cut accident rates but making telematics can also provide an answer to this societal issue.”