Driving technical innovation in motor insurance bit By Bit. Delivering a rating and policy engine to meet to the demands of customer centric insurance.
London
Joined December 2020
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By Bits - Motor Insurance Platform retweeted
UK car ownership sees second consecutive annual fall in 100 years
The total number of UK cars fell slightly in 2021 to just over 35million while drivers putting off car purchases saw the average age of cars increase
autoexpress.co.uk/news/35810…
By Bits - Motor Insurance Platform retweeted
"Britain’s switch to EVs continues to gather pace, with a record 1 in 5 new car registrations now plug-ins. However, they still represent just 1 in 50 cars on the road"
@MikeHawesSMMT on motorparc figures for 2021
smmt.co.uk/2022/05/three-qua…
By Bits - Motor Insurance Platform retweeted
Pandemic-related market disruptions lead Britons to hold on to vehicles for longer, as average car reaches new high of 8.7 years old – more than a year older than a decade ago.
smmt.co.uk/2022/05/three-qua…
By Bits - Motor Insurance Platform retweeted
A round-up of today's production figures for April:
🚗UK car production falls -11.3% with 60,554 units leaving factory gates
🚚 CV production rises 27.6% in best performing April since 2016
⚙️engine output falls -2.7%, with 126,082 units built
smmt.co.uk/vehicle-data/manu…
By Bits - Motor Insurance Platform retweeted
Maxus announces electric pick up @TheCVShow - range of 298 miles. Could be big demand from fleets desperate for this type of vehicle
By Bits - Motor Insurance Platform retweeted
UK climate stress test is “toughest yet” for insurers: Fitch reinsurancene.ws/uk-climate-…
By Bits - Motor Insurance Platform retweeted
Industry calls for chargepoint ‘van plan’ to switch owners to electric
smmt.co.uk/2022/05/industry-…
🚚57% of van owners anxious about going electric over charging point fears
🔌More than a third of all new van models now plug in
⚡️'Van plan’ needed to accelerate electric van uptake
By Bits - Motor Insurance Platform retweeted
Musk says #Tesla to have one million self-driving users by end 2022 ow.ly/xIZE50J9Ez2
By Bits - Motor Insurance Platform retweeted
‘@Tesla insurance pricing is based on how you actually drive, rather than how your demographic has historically driven’.
- @elonmusk just now at the @allinsummit, discussing the future of automotive insurance 🚘
By Bits - Motor Insurance Platform retweeted
It was an honour to be named #InsurTech of the year by @fintech_uk.
🏆
We'll keep driving things along to make #CarInsurance that bit smarter, simpler and fairer.
By Bits - Motor Insurance Platform retweeted
BIBA Chair Jonathan Evans gives his conference speech "Never before has there been such a need for an active, engaged and successful trade body representing insurance brokers as there is today".
#WorkingForBrokers #BIBA2022
By Bits - Motor Insurance Platform retweeted
Chief Executive @SteveWhiteBIBA steps on stage at the BIBA Conference 2022 and tells delegates that the Insurance Community is ‘𝐁𝐚𝐜𝐤 𝐟𝐨𝐫 𝐆𝐨𝐨𝐝’.
#BIBA2022 #BIBAConference
By Bits - Motor Insurance Platform retweeted
⚡️It was a record first quarter for used battery electric vehicles, with buyers keen to purchase pre-owned zero-emission cars
Transactions more than doubled from 6,625 to 14,586, a rise of 120.2%
smmt.co.uk/2022/05/used-car-…
By Bits - Motor Insurance Platform retweeted
Congrats to the @ByMiles team on the launch of By Miles Connect - the next step in building car insurance that's fit for the future of our roads.
bymiles.co.uk/insure/magazin…
#fintech #insuretech #tech
By Bits - Motor Insurance Platform retweeted
This weekend, our app helped the police find a stolen car - along with the thieves. (They were grabbing lunch at a drive-thru.)
👮🏽🍗
That's just one example of how we go the extra mile. Why not see if our pay-by-mile #CarInsurance could work for you?
ow.ly/53gT50IXZm3
By Bits - Motor Insurance Platform retweeted
UK car production is down 100,000 vehicles so far this year.
📉
Problems with supply chains have meant fewer #NewCars, which has meant higher prices.
📈
It looks like that'll be continuing for a good while longer.
ow.ly/Z0EE50IXFZw
#CostOfLivingCrisis #ConsumerNews
By Bits - Motor Insurance Platform retweeted
According to this poll, a lot of Londoners support the idea of pay-by-mile road charges.
✅ For: 42%.
🤔 Don't know: 32%.
❌ Against: 26%.
How about you? Do you think this would work in your area?
ow.ly/ocFy50J26Ly
#DrivingNews #TfL #LondonTransport
By Bits - Motor Insurance Platform retweeted
Read all about @bybits_platform's modular platform that provides an end-to-end solution for insurance providers to offer pay-by-mile or data-driven UBI policies. digitalinsuranceagenda.com/f…
By Bits - Motor Insurance Platform retweeted
UK van registrations fall -29.1% amid supply challenges as manufacturers continue green delivery
smmt.co.uk/2022/05/uk-van-re…
By Bits - Motor Insurance Platform retweeted
Soaring petrol costs drive inflation to 30-year high
bbc.co.uk/news/uk-61090937