TORONTO, Nov. 6, 2013 /CNW/ - Intact Financial Corporation (TSX : IFC)
announced today that its affiliates Intact Insurance and belairdirect
will launch a telematics-based solution that will allow eligible good
drivers in Quebec to save up to 25% on their annual auto insurance
premiums based on driving behaviours, in the weeks to come. Similar
programs are expected to be rolled out in other jurisdictions in the
"With the launch of this initiative, Intact Insurance and belairdirect
will provide drivers the opportunity to better control the cost of
their auto insurance by rewarding them for the quality of their
driving," said Louis Gagnon, President and Chief Operating Officer of
Intact Financial Corporation. "While the immediate goal is to reward
good drivers, ultimately the objective is to encourage better driving
behaviours and make our roads safer."
The discount will take into account three specific driving behaviours,
namely the braking and acceleration patterns of the drivers as well as
the time of day when the vehicle is used. Premiums will not increase as
a result of these driving behaviours. Furthermore, the information
gathered will not be used to cancel or refuse renewal of a policy.
To take advantage of the discount, drivers will connect a telematics
device to their cars that will collect data on their driving behaviours
over a period of time to assess the level of their discount. The
potential savings on premiums is in addition to other discounts that
are already offered. To encourage participation in the program,
customers will receive a 5% enrolment discount upon registration.
"Not only is the program voluntary, it is also transparent," said Louis
Gagnon. "Protecting the personal information of customers is paramount
to us, which is why participants will be provided information on how
the data will be collected and how it will be used." Customers will
also have the ability to monitor their driving behaviours and potential
discount through a secure website or through weekly e-mails.
Furthermore, customers may opt out of the program at any time.
About Intact Financial Corporation
Intact Financial Corporation is the largest provider of property and
casualty insurance in Canada. Intact offers home, auto and business
insurance through Intact Insurance, belairdirect, Grey Power,
BrokerLink and Jevco.
SOURCE Intact Financial Corporation
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