News

December 2007

Dealership market opens new door

Motor Assist is proud to announce its new strategy in collaboration with vehicle manufacturers and franchised motor dealers. With the first signed contract from Audi to supply vehicles to there clients, Motor Assist has increased its Audi fleet to offer a full Audi range to its customers.

July 2007

Motor Assist attacks Broker market

With 35 new brokers appointed, we are committed to adding value to all our clients and associates. We believe in long term relationships and seek to establish solid long term relationships with each of our clients and associates, based on exclusivity, mutual trust and quality service.

March 2007

Motor Assist increases office space

Motor Assist increases its office space in order to optimise customer care as well as revenue and profitability. With sales increasing rapidly the back office support is crucial for providing a first class service, focused on achieving high levels of customer care.

Motor Assist increases fleet size

Motor assist adds numerous prestige vehicles to its fleet, it has recently added exotic Marques such as the new Jaguar XKR cabriolet ( 4.2 Supercharged), Bentley Flying Spur ( The worlds fastest saloon car) and Mercedes CLK 55 AMG ( 5.5 litre V8).

October 2006

Underwriting Agreement in Place to Coincide with Latest Bespoke Product

Motor Assist Ltd has an initial agreement in place with an underwriter to develop fully underwritten bespoke insurance products.

Following the successful pilot product, Prestige Plus, the company has now jointly developed a further revolutionary policy. Early indications are that the policy is expected to have an 80% plus take up rate by all Insurance Intermediaries and Financial Services Organisations that it is offered to for distribution.

A nationwide press campaign is also due to be in place ready for launch of the latest product.

September 2006

Motor Assist Ltd obtains FSA Authorisation

Following months of rigorous application processes, Motor Assist Ltd is now authorised and regulated by the Financial Services Authority

FSA Reference - 451335 - Motor Assist Ltd

July 2006

Motor Assist Ltd breaks into direct Insurer referrer market

Motor Assist Ltd has successfully tendered a proposal to a specialist insurer with a view to supplying hire vehicles to the insurer for both non fault and intervention hire requests.

The insurer specialises in non standard motor vehicles, an area that aligns directly with the strategy of Motor Assist Ltd.

The referral process is expected to begin in September 2006 and the company envisages volumes to increase steadily through the 4th quarter of 2006. The agreement is for Motor Assist Ltd to be handling all non taxi hire referrals from the insurer by early 2007.

May 2006

Motor Assist Ltd trials leading software

Motor Assist Ltd is in advanced stage talks to trial a new motor claims tracking software product that is due to be launched in the 3rd quarter of the year. The software has been developed to allow all users involved in a claim cycle to track claims progress in real time via an internet based platform.

Once implemented it should cut claims costs and increase efficiency by allowing the client, engineers, brokers, insurers and vehicle repairers all to have up to date access to latest claim status. In addition the system can automatically text the client when ‘milestone’ updates are entered onto the system.

Further details to follow.

Latest Bespoke Policy

Motor Assist Ltd is due to market the latest innovative product available on the market from Prestige Plus.

The product is due for a high profile launch in June 2006 and as yet full details are being kept closely guarded. The product is being developed to reshape the current mid – high net worth motor insurance sector and is expected to offer a serious alternative to the current High Net Worth Insurance policies that are available in the market.

April 2006

Head office team expanded

Accident assist has strengthened its senior management team with the appointment of two key individuals from the Insurance and Motor Dealer sectors.

Dave Blakemore has agreed to join us as Head of Business Development. He brings with him more than 30 years experience in the insurance sector. Dave is leaving his post as Vice President of Marsh Private Clients to take up his role with Motor Assist Ltd.

David Walker joins us following his most recent role as Regional Finance Director of Inchcape Plc. David qualified with Deliotte and has more than 15 years experience in International Finance and Business Development.