Driverly achieves UK first for dynamically priced insurance as it receives direct authorisation from the Financial Conduct Authority (FCA)
Driverly has received direct authorisation from the FCA to sell car insurance — believed to be the first successful FCA application centred solely around a monthly, dynamically priced proposition.
Cardiff-based Driverly, provider of a unique, app-based car insurance service, is delighted to announce it has received direct authorisation from the Financial Conduct Authority (FCA) to provide car insurance to customers. After a detailed review of its customer-centric processes and corporate governance structure, Driverly received direct authorisation to sell car insurance courtesy of the behavioural data collected from its ground-breaking app.
The Driverly app monitors and records dozens of different driving criteria for users to build an accurate picture of their driving habits, which can directly benefit them financially in the form of rewards and discounted premiums.
The Driverly Insurance app is free to download through the iOS App Store and Google Play for users interested in understanding how improved driving behaviour can reduce premiums and secure additional rewards.