Revolut claims it will offer car insurance premiums that are cheaper than other players in the market. Photograph: Bryan O'BrienRevolut is to enter the Irish car insurance market, as it continues to expand its business here.
The neobank will open a waitlist for potential customers from Wednesday, and plans to launch later in the spring, the company said in an emailed statement. Revolut claims it will offer premiums that are cheaper than other players in the market. Among its plans, Revolut says it will offer discounts to drivers who install a device in their car as part of its “smart driving” feature.Balazs Gati, Revolut general manager for insurance, said, “We’re delighted to announce that Revolut Car Insurance will soon be available in our superapp, offering our customers in Ireland a convenient way to insure their vehicles. We have worked to provide great pricing, flexible and bespoke plans, and a hassle-free user experience.
Writing business is easy. Claims handling isn't. Not something that can be outsourced to Bangalore, you need experienced people on the ground. Recent industry history should make this blindingly obvious. All in the details no doubt.
IrishTimes Great news!