UK's Largest Insurance Company, Norwich Union, Selects Intec Convergent Billing for Its Innovative Pay as You Drive Insurance(TM) Service.LONDON -- Combination of advanced billing technology and GPS-based monitoring offers monthly itemized motor insurance bills and greater customer choice The UK's largest insurer, Norwich Union Norwich Union is an insurance company in the UK. It is the biggest life-insurer in the UK, and has a strong position in motor insurance. It is part of the Aviva group, itself created by a merger of Norwich Union and CGU plc in 2000. , part of the Aviva group, has contracted Intec to provide the billing technology for its Pay As You Drive Insurance(TM). Under the terms of the contract, Intec is supplying its Intec Convergent Billing (Singl.eView) software, plus associated professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , to allow Norwich Union to generate itemized monthly bills. The adoption of Intec Convergent Billing for vehicle insurance underscores the flexibility of Intec's technology, which is used by many of the world's most innovative telecoms carriers, including Virgin Mobile and '3'. The process of rating and charging for vehicle usage is inherently similar to the billing processes used in telecom, and it will allow Norwich Union to deliver sophisticated, itemized bills itemized bill n → recibo detallado itemized bill n → facture détaillée itemized bill n → to customers with an accurate record of charges and how they are incurred. Iain Napier, Director of Telematics at Norwich Union, said, "We selected Intec Convergent Billing because it is widely regarded as the telecom industry's most flexible and configurable billing technology, and because Intec was enthusiastic in working with us to maximize the potential of this brand new system." "We are very excited to be a key part of this new offering from one of the industry's most influential companies," said Intec CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Kevin Adams KEVIN ADAMS (b. 1962 in Pampa, Texas) is an American theatrical lighting designer, scenic designer and visual artist. In 2007 he received a Tony Award for Best Lighting Design of a Musical for Spring Awakening (musical). . "When Norwich Union asked us to become involved, we could immediately see that this was an idea with great potential, not least because the sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of billing systems developed for telecom can be used to deliver all sorts of new business opportunities to the customer. It also expands the use of our billing technology into a completely new market, which we believe could potentially be rolled out in many parts of the world." Pay As You Drive Insurance uses a Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS)-based device installed in the vehicle to record customer journeys. The journey data is then relayed to a central computer using cellular technology. Norwich Union calculates the customer's premium, and an itemized monthly bill is produced. Norwich Union believes this represents a major breakthrough in the calculation of fairer motor insurance premiums and ultimately gives the policy holder greater control, flexibility and choice. Intec has an outstanding capability in convergent billing, centered around our world-class billing family, Singl.eView. Over 60 leading global companies rely on Intec Convergent Billing to deliver pre-paid, post-paid and real-time billing, from a single platform for all their services. Intec Convergent Billing is designed to provide: --Flexibility - to meet all present and future requirements --Configurability - to let you innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. and compete faster --Outstanding performance - to handle tens of millions of subscribers --High availability - to protect revenues and increase customer satisfaction --Low cost of ownership - to cut costs and improve margins Built using modern, industry-standard technologies, Intec Convergent Billing is proven in production at some of the world's largest and most innovative companies. Naturally, it is compatible with all major network technologies and services in use today and, as part of the wider Intec product family, is supported by carrier grade solutions in areas such as convergent mediation, activation and interconnect. About Norwich Union Norwich Union is the UK's largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses. It is a leading provider of life, pensions and investment products and one of the largest Financial Adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK. Norwich Union's news releases and a selection of images are available from Aviva's Internet press centre at www.aviva.com/media. About Intec Intec Telecom Systems
London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (ITL ITL The ISO 4217 currency code for the Italian Lira. .L) and has over 1,600 staff and 31 offices in 25 countries. For more information, visit the Intec website at www.intecbilling.com. |
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