Carrot Insurance wins ‘Best Customer App’ at Insurance Times Tech & Innovation Awards

Carrot Insurance, part of Trak Global Group, has won the ‘Best Customer App’ at the Insurance Times Tech & Innovation Awards in recognition of its Better Driver app. The judges highlighted Carrot’s focus on ensuring an outstanding customer experience whilst delivering significant loss ratio benefits for its insurer partners. The Better Driver app, built by Trak Global Group and launched in the UK in 2015, enables less-experienced drivers to access cheaper premiums by measuring driving data and influencing safer driving through regular rewards and tailored engagement.

Ed Rochfort, Managing Director of Carrot Insurance, says:

“We’re delighted the Better Driver app has been recognised at these prestigious awards and are committed to continue delivering the best customer experiences and the best results for our insurer partners. Thanks to our policyholders, partners and team we have been able to build one of the leading UBI apps in the world and have a real effect on road safety by reducing accidents and making roads safer, which is the driver behind everything we do.”

Carrot Insurance, which in 2015 won the Prince Michael International Road Safety Award after demonstrating its customers had 42% fewer accidents than young drivers with traditional car insurance policies, has also previously won awards in motor broking best practice, claims and customer centricity.

Leon Hurst appointed CEO, Mobility at Trak Global Group

Leon Hurst has joined Trak Global Group (TGG) to spearhead the Group’s international growth plans in the automotive and mobility sectors. He begins his new role as CEO, Mobility with immediate effect and will report to Group CEO Nick Corrie.

Leon, formerly a Commercial Officer at an automotive SaaS business JATO Dynamics, Head of Product Management for Nokia and Head of Product Marketing (Digital & Connected Car) for Jaguar Land Rover, is the company’s second senior hire since private equity house Three Hills Capital Partners (THCP) took a minority stake in TGG earlier this month. According to Nick Corrie, his arrival is a statement of intent from the Group to build a dominant position in connected car data solutions in the UK, Europe and North America.

Nick said: “Leon is a fantastic addition to our team. He is a rare breed in having international experience at a senior level in both telecoms and automotive – a powerful combination as the level of in-vehicle connectivity continues to grow at a rapid rate and these industries show signs of convergence.”

“Leon’s task will be to both deepen existing partnerships among our mobility and auto OEM customers and develop new ones. There’s an ecosystem of genuine opportunity forming around embedded telemetry and value-adding connected car services, and we believe we are ideally placed to play a pivotal role in helping our customers across insurance and mobility to leverage the value from this.”

Leon said: “Vehicle manufacturers have long acknowledged that there’s inherent value in connected car data for mobility operators and insurers, but there remains the challenge of how to effectively engage and convert the data into value adding services in adjacent markets. Given that the OEMs face more pressing challenges – like completing the journey to electrification, autonomy and the evolution of retail – it’s businesses like Trak Global Group that can bridge the gap and enable all parties to apply connected car data in a practical, commercial but innovative way.”

He added: “Growth will define my task at TGG. On the back of our investment from Three Hills, we want to increase the scale of our connected service asset base exponentially during the next two/three years, with sustainable medium-term growth. I’m joining an incredibly strong leadership team, with genuine customer focus and a clear strategy, so I’ll be converting that strategy into action – across product, service and client acquisition.”

Hurst’s appointment follows less than a week after the hiring of Nino Tarantino, former CEO of Octo North America, as CEO of IMS (Americas), to spearhead the group’s international growth plans within the connected and usage-based insurance markets.

 


 

About Leon Hurst

Prior to joining Trak Global Group, Leon was Chief Commercial Officer for JATO Dynamics Ltd, a UK-based automotive business intelligence solutions business. He graduated from Trinity College Dublin and began his career as a software engineer before joining telecoms giant Nokia in a Product Management role in 1999. In 2006 he joined Motorola as Global Programme Manager, Smartphones, before re-joining Nokia between 2008-2011. Leon then spent six years at Jaguar Land Rover, concluding with a role as Head of Product Marketing for Range Rover Velar, Jaguar F-PACE and F-TYPE.

 

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

About IMS (Insurance & Mobility Solutions)

IMS (Insurance & Mobility Solutions), part of Trak Global Group (TGG), is a global provider of connected car solutions, services, and analytics to insurers, mobility operators, OEMs and governments. IMS is the developer of the cloud-based IMS DriveSync® connected car platform which has received industry acclaim for its ability to offer customers a data source-agnostic, multi-device strategy through which a multitude of B2B and B2C propositions to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597

Nino Tarantino Joins Trak Global Group as CEO of IMS – Americas

Trak Global Group [‘TGG’], one of the world’s leading telematics technology companies with operations in the UK, Europe, and North America, has appointed Nino Tarantino CEO of IMS (Americas). The hire is a key next step in TGG’s rapid-growth strategy in North America. It follows the company’s December 2018 acquisition of IMS, a top-three telematics business in North America and, in September this year, investment into the Group of over 50m USD from Three Hills Capital Partners.

IMS, the insurance solutions arm of TGG, provides complete end-to-end solutions that enable insurers and their customers to benefit from usage-based insurance (UBI) and extract value from telematics data right across the value-chain – from customer acquisition and risk management through rewards, customer engagement and claims.

Reporting to Bob Skerrett, CEO for IMS’s insurance solutions division on a global basis, Tarantino will drive the company’s growth in the North American market. He brings more than two decades of experience in the global telecommunications industry, chiefly growing companies and developing strategic business operations, and comes to TGG with a recent track record in insurance telematics.

Most recently, Tarantino was the CEO of Octo Telematics North America. He has won numerous awards, including 2018 Influencer of the Year at TU Automotive Detroit. Prior to Octo, Tarantino held leadership roles in the global telco and space industries with Telecom Italia, Iridium, the first satellite phone company, and others.

“We are in extremely good hands with Nino accelerating our growth plans for North America,” said Nick Corrie, Group CEO and founder of TGG. “Nino’s appointment is a critical move in our plan to exponentially increase our global scale and, specifically, grow our North American presence. He brings unprecedented experience innovating and building connected, data-driven technology solutions for the insurance industry, and we know he is the right leader to deliver further success for our company and its customers.”

 “I have been privileged to build a record of success in the insurtech space as it dynamically changes the landscape for insurance carriers and their policyholders,” said Nino Tarantino. “The opportunity to join TGG at such an exciting point in its growth story was one I was delighted to accept. The company has delivered outstanding results and built incredibly strong partnerships with its customer base. I look forward to putting my experience into practice as we embrace the next chapter.”

 


 

About Nino Tarantino

Nino Tarantino joins IMS as CEO (Americas) after serving as CEO of North America for Octo Telematics from 2011- 2018. An insurance telematics industry leader, having grown the company from inception to more than $70M, Nino was named Influencer of the year at the 2018 Telematics Detroit Awards.

Born in New York and raised in Naples, Italy, Nino earned his Master’s in Telecommunications Engineering in Rome and began his career with Telecom Italia. He later held management positions with Iridium, Anoto/Ericsson and Acotel. Today, Nino lives in Boston with his family of five, yet remains a devoted Napoli soccer fan. To learn more about his career and accomplishments: linkedin.com/in/ninotarantino

 

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

About IMS (Insurance & Mobility Solutions)

IMS (Insurance & Mobility Solutions), part of Trak Global Group (TGG), is a global provider of connected car solutions, services, and analytics to insurers, mobility operators, OEMs and governments. IMS is the developer of the cloud-based IMS DriveSync® connected car platform which has received industry acclaim for its ability to offer customers a data source-agnostic, multi-device strategy through which a multitude of B2B and B2C propositions to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597