Transactor and Ageas Complete New Pricing Initiative for Commercial Vehicle Scheme

Winchester, United Kingdom, October 08, 2014 --(PR.com)-- Ageas’s commercial vehicle products have been available with Transactor for a number of years and now can be quoted using dynamic pricing based on the individual circumstances of the customer in addition to traditional rating factors such as post-code and vehicle type. The new pricing structure uses publicly available data from a variety of sources to offer customers a more informed and therefore fairer quotation and follows the successful implementation of dynamic pricing on Ageas’s private car and home products.

Trevor Bowers, Commercial Vehicle Underwriting Manager at Ageas said, “We are pleased to have enhanced our commercial vehicle products with Transactor through implementation of dynamic pricing which will help TGSL to provide competitive and accurate premiums to its brokers.”

Simon Macray, Director of Insurer Relations, TGSL, said, “We are delighted to have completed this new development initiative which strengthens our product range and relationship with Ageas. We strive to provide the best service we can to our clients and believe that the Ageas commercial vehicle scheme is an asset to our Open Market Rated products, which are accessible to all TGSL clients.”