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https://www.bbc.co.uk/news/business-54835584
Could be a good time for Motability to negotiate a new and better deal for us.
Although I’m sure Motability business is a small amount in the whole wide World of things but it is a guaranteed income I’m sure they would not want lose while there are bids on the table for take overs.
Then there’s the other side of things where you may think the government is not going to like British tax payers money going to Canadian and Dutch shareholders so Motability may need to look at another provider anyway.
Just my thoughts.?♂️
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This thread seemed to of died a death but having read today in the Financial Times this deal is a done deal and RSA is now in the hands of overseas investors.
So a good Christmas on the cards for shareholders when they divi up but wonder if it will have any effect on us as Motability customers in the way of higher excesses or lower GCB
https://www.bbc.co.uk/news/business-54835584 Could be a good time for Motability to negotiate a new and better deal for us.
Why do you think they don’t have a good deal already?
I’m sure both Motability and RSA are more than happy with the deal, Motability gets all their vehicles insured and RSA never has to pay out for any contents/possessions that get damaged or stolen!
Hi Alan
I don’t know what deal they have but what needs to be known is do the Canadians and Dutch look after disabled folk from overseas from other countries or do they even care.
Are our interest being looked after in view of this take over and do Motability bother to compare the market for better deals like were always being told to do for our gas, electric and internet.
The deal we have at the moment is AFAIK a good one but was any provision taken on board before they cracked open the Champaign to make sure Motability and we customers don’t get taken for granted.
The cost of cars is already starting to out pace the income from PIP and any other extra cost on top of that might have HMG looking at ways to cut down qualifying customers like they’ve done with the DLA to PIP transition.
I’m sure both Motability and RSA are more than happy with the deal, Motability gets all their vehicles insured and RSA never has to pay out for any contents/possessions that get damaged or stolen!
They don’t have to pay out as they are not covered under the policy – even with standard car insurance you would be better off covering items in the car under your home policy rather than the cars.
Hi Alan I don’t know what deal they have but what needs to be known is do the Canadians and Dutch look after disabled folk from overseas from other countries or do they even care. Are our interest being looked after in view of this take over and do Motability bother to compare the market for better deals like were always being told to do for our gas, electric and internet. The deal we have at the moment is AFAIK a good one but was any provision taken on board before they cracked open the Champaign to make sure Motability and we customers don’t get taken for granted.
I’m not sure what it would matter how the Canadians and Dutch treat disabled people? The policy is in the UK under UK laws and being taken over won’t be making a change to the policies that are already in place. Motability would decide on the cover they want and what is expected from the insurer – they must get that at present from RSA and if any changes happened then I am sure they would use a different company but at present it’s just a large company being taken over – which usually for the end customer makes no difference.
I don’t know about being covered by UK law as raising prices is not against the law AFAIK and we simply don’t know if Motability keeps an eye on the ball because north American business is based on money comes first then customers then staff and you don’t spend over £7Bn just to stay where you are but we maybe lucky and prices stay stable but I don’t hold out much for UK workers keeping their jobs as clerical work can be done from anywhere. Let’s not forget too that north American social benefits are contributed insurance based so lets hope there’s nothing in that.
My concerned, as with AP’s and massive price increases in cars coming the next few years is government will look for spending cuts and the ill-thought-out policy of shifting the disabled from DLA to PIP was all to do with the 2008 financial crash and now were lending money way beyond the 2008 crash and WW2 spending.
I’m sure you’ve heard the government saying the past 6 months that there will be “no return to austerity” despite all the money we’ve lent and yet today their saying public sector pay is to be frozen again after only 2 years gone by since it was unfrozen from the last time. With that in mind how long do you think there going to keep ring-fencing disability benefits.
Sounds like austerity is being written on the walls to me and as last time they know the disabled can’t defend themselves so were always a good target that nobody else cares about, not even the opposition parties and I’m sure politicians will have it in mind that most disabled folk are locked down in their homes so they don’t really need cars so lets cut PIP and give then a free bus pass to get to hospital appointments.
So you see any increase in prices to Motability will not wear well with those who pay the bills but I hope I’ve got this all wrong but somehow, for some reason, I don’t think I have.
Reading reports on the internet that Direct-Line is taking over from RSA for Motability insurance duties.
I knew something had to give.?
Motability should be driving the costs down by tendering the car insurance on a three or five yearly interval IMHO.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.Reading reports on the internet that Direct-Line is taking over from RSA for Motability insurance duties.
Indeed, as announced to the London Stock Exchange today:
RNS Number : 0265G
Motability Operations Group PLC
22 July 2021
MOTABILITY OPERATIONS GROUP PLC
NEW SCHEME INSURANCE ARRANGEMENTS
Motability Operations Group plc (“Motability Operations”) which, together with its subsidiary Motability Operations Limited, delivers the Motability Scheme, is pleased to announce that after a comprehensive competitive tender process, it will be moving its insurance provision from RSA, who has been a long-term supplier to the Motability Scheme, to the Direct Line Group (DLG).
This change will ensure that the Motability Scheme continues to offer a worry-free service and excellent value for money to its customers. The new insurance proposition will provide a market-leading customer experience through an integrated, aligned and well-managed supply chain. Customers will benefit from a modern technology platform supporting interaction across all channels. The new arrangements will take effect circa 18 months from today’s date for an initial ten years.
Similar to the existing arrangements with RSA, DLG will provide insurance, and will reinsure 80% with Motability Operations’ reinsurance captive. The captive’s net exposure is contained through the placement of a conservatively structured reinsurance programme into the reinsurance market.
DLG intends to provide the existing customer-facing activities through the continued use of the dedicated Motability unit in Liverpool, ensuring seamless continuity of service for customers.
Andrew Miller, CEO at Motability Operations, said … “As well as future-proofing our service, the new insurance proposition will offer the potential to grow the Scheme and provide increased flexibility to customers. We are confident these arrangements with DLG position us well to support the continued delivery of worry-free motoring and value for money to our customers. I would like to thank the team at RSA for their ongoing support and commitment to the Motability Scheme as we transition to the new arrangements.”
Penny James, CEO at DLG said:
“I am delighted that we are partnering with Motability Operations whose work so aligns with our purpose of helping people carry on with their lives, giving them peace of mind now and in the future. Our digital capabilities and strength in vehicle repair combined with Motability Operations’ fleet of modern vehicles, means together we are ideally placed to deliver a first-class service at a time of rapidly changing motor technology. We look forward to welcoming the colleagues from Liverpool who will be joining us to deliver that exemplary customer experience.”
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END
STRUARSRANUBUAR
(END) Dow Jones Newswires
July 22, 2021 02:00 ET (06:00 GMT)
An initial 10 year contract commencing circa 18 months time.
A lot can change in ten years even in normal times but we are in times that are abnormal. The virus could continue to restrict car use and EVs are far more reliable than ICE, add to that the real possibility of autonomous driving together with the continued safety features being brought to the car market and we have a very different market in five years never mind ten.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.And good info Dave ?
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.
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