Hood Group branches into telematics with Ticker

Hood Group branches into telematics with Ticker

Providing sales and service support to the telematics motor insurer.

It will be a case of new year, new venture for the Hood Group in January 2019 when the company commences a 3-year contract with new motor telematics insurer, Ticker.

Hood Group has until now focused on providing home and travel insurance services, but always with an eye on innovation. It is now branching out into motoring technological solutions to offer a high-quality sales and servicing provision to Ticker.

Ticker, founded by insurance entrepreneur Richard King in partnership with Munich Re’s Digital Partners, is launching a next-generation insurance proposition with a self-installable telematics device that is autonomous to the vehicle. It delivers high-quality data at a price point that allows Ticker to enter the lower-premium market for cars and vans rather than just being targeted at high-premium younger drivers.

Ticker boasts an impressive executive board which includes Steve Broughton, a highly experienced non-executive director and chairman, along with Adrian Brown (ex-RSA and currently The Ardonagh Group) and Kerry Michael (former commercial director of the RAC). Financial backing and support for the start-up comes from the likes of Barry Smith (former CEO of Ageas UK), Gary Lineker (ex-professional footballer and broadcaster) and business entrepreneur Theo Paphitis (of Dragons’ Den fame).

SIMON HOOD, Hood Group Chief Executive, said:
‘Ticker is our first entry into the motor market and we’re delighted to be working with such a credible, experienced team on this exciting new project.

‘This is a completely new direction for our business, but it’s gratifying to have our reputation for quality services recognised by key players in the insurance industry (and beyond) who only work with like-minded partners.

‘This latest venture is a reflection of a lot of hard work from a committed team and we are positive that it will be a long and successful partnership.’

RICHARD KING, Ticker founder and CEO, said:

‘Hood Group has an excellent reputation, which is borne out by their impressive client portfolio. From the first meeting, when Simon revealed that the business was looking for a motor insurance partner, we got a good feeling about the approach and can-do attitude.

‘Our sales and service team will be front-line ambassadors for the Ticker brand so Hood Group is another vital part of Ticker’s extraordinary line-up of partners.’