By Miles has become the ABI’s latest startup associate member. By Miles is an insurance startup that provides pay-as-you-drive insurance designed for UK drivers that travel fewer than 7,000 miles a year. Drivers pay a small upfront sum for an annual policy and are then billed monthly for the miles that they drive.
The ABI’s associate membership category has been developed to meet interest from the burgeoning insurtech market in joining the ABI - as well as non-insurance companies, such as legal firms, consultants, price comparison sites, and a wide variety of suppliers.
Associate members benefit from a wide range of ABI services including access to the ABI’s industry-leading statistics, industry updates, thought leadership work, networking opportunities and reduced rates for ABI events.
James Dalton, Director of General Insurance at the ABI, said:
“I’m excited to welcome By Miles as the ABI’s latest associate member. As consumers’ needs and everyday demands evolve and adapt, the insurance market is doing so, too. By Miles is a leading innovator in the motor insurance market and I’m sure we’ll benefit from their membership of the ABI just as much as they will.”
James Blackham, CEO of By Miles commented:
“By Miles is delighted to join the ABI as an associate member today. We’ve built the UK’s first real time pay-by-mile car insurance policy, and we want to keep pushing car insurance forward in the future. With the support and experience of the ABI and its members, we hope we’ll be able to continue to have the conversations that matter, making the world of car insurance simpler, fairer and more flexible for UK drivers.”
By Miles offers drivers the opportunity to cut bills substantially if they mainly use their private cars at weekends or for short trips only. By Miles policies are underwritten by AXA Insurance UK Plc and the product has been given Defaqto’s top rating of 5 stars. For more information, visit their website.
In November, James Blackham will be speaking at the ABI’s Motor Conference alongside a number of other industry leaders. To find out more, or to register for the event, visit the ABI’s website here.
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