Released on = August 7, 2006, 7:25 am

Press Release Author = David

Industry = Financial

Press Release Summary = Now that the car loan finance companies have started
offering car insurance, the largest car insurance company Norwich Insurance has
decided to expand the 'pay-as-you-drive' scheme insurance trials.

Press Release Body = Now that the car loan finance companies have started offering
car insurance, the largest car insurance company Norwich Insurance has decided to
expand the 'pay-as-you-drive' scheme insurance trials.

London (adverse-credit-car-loans) August 7, 2006: Norwich Union, the insurance
company had expanded the scope for its 'pay-as-you-drive' insurance trials after
signing-up the Intec Telecom Systems to provide an itemized monthly bill for the
vehicle's insurance.

After conducting trials on approximately five thousand UK motorists and fifteen
hundred young driers over the past eighteen months, the scheme was expected to
expand about one lakh by the end of the current year.

The signed-up system worked after putting a black-box in the customer's car. Norwich
Union's central database would monitor the driver's motoring skills using Global
Positioning System (GPS) over a secured mobile network.

The hi-tech system was expected to benefit conservative or infrequent drivers who
had paid similar premiums to motorists who regularly used their motor vehicles. The
data could also be used to calculate the road tax that individual drivers were
liable to pay including their risk premium.

Though a Norwich Union's representative did not disclose company's plan to launch
the technology into the mass market. However, he added that it would use the
information gathered from the targeted users to consider the deployment of the
system.

For Intec, the contract would expand the use of billing technology into a new
market. Intec provided billing system to telecommunication companies including
Virgin Mobile and Vodafone.

Norwich Union had experienced significant interest from its customers in the
'pay-as-you-drive' scheme and had launched similar projects in the US and South
Africa.

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www.adverse-credit-car-loans.co.uk


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