Norwich Union is part of Aviva, the world’s fifth-largest insurance group. Recently Norwich Union successfully launched the insurance industry’s most innovative and talked about new product – ‘Pay As You Drive’ insurance for drivers, with a particular emphasis on serving younger and high-risk drivers who typically have to pay very high premiums using traditional annual single-premium models.
With Pay As You Drive the insured driver receives a monthly itemised bill based on real journeys driven, enabling savings of up to 30% over the normal method. The billing technology that makes this possible is Intec Convergent Billing.