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LV= Broker joins O2 Telematics panel

Press release: 05/07/2017

LV= Broker has joined the motor telematics panel for O2 Drive by adding its Highway Telematics scheme. The partnership means that LV= Broker can create more accurate premiums for customers by considering the driving data collected from O2 Drive’s on-board telematics box. The addition of Highway Telematics to the panel follows the launch of ABC Car & Highway Car to the O2 Drive motor panel at the end of 2015.

In 2015, O2 became the first mobile company in the UK to offer car insurance with the launch of its O2 Drive proposition. The business then later added its telematics product O2 Drive – Box on Board which aims to help responsible young drivers get on the road by offering more reasonable premiums and allowing brokers to showcase their expertise by providing more in-depth risk profiles.

The product gives customers the potential to secure a discount at inception by including a small telematics device alongside their car battery. Drivers can then access their scores via the O2 Drive app, along with tips that could encourage safer driving and keep or improve their no claims discount.

Michael Lawrence, LV= Broker Director of Personal Lines, said: “Telematics products are hugely important in today’s market - not only do they guide drivers towards good practice, they also allow insurers to price more accurately, which is something we’re always striving to do. O2 is a strong brand and isn’t afraid to do things a little differently, so it’s great to be part of the panel for O2 Drive.”

David Plumb, Digital Director at O2, added: “We’re on a mission to make customers’ lives easier with O2 Drive. Through a combination of O2’s award winning customer service and LV= Broker’s strong heritage in the insurance market, we share a joint ambition to increase the role of telematics and ultimately reward customers for how they drive.”


For further information please contact:

Lloyd Purnell, lloyd.purnell@lv.com

020 763 44433 / 07500 835885

Matthew Bradford, matthew.bradford@telefonica.com

07850 665563


LV= Broker

LV= Broker is part of the LV= group of companies, and incorporates Highway Insurance and ABC Insurance.

LV= employs over 6,000 people and serves over 5.8 million customers with a range of financial products. We are the UK’s largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations including ASDA and Nationwide Building Society.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.

About O2

O2 is the commercial brand of Telefónica UK Limited and is a leading digital communications company with the highest customer satisfaction for any mobile provider according to Ofcom. With over 25 million customers, O2 runs 2G, 3G and 4G networks across the UK, as well as operating O2 Wifi and owning half of Tesco Mobile. O2 has over 450 retail stores and sponsors The O2, O2 Academy venues and England Rugby. Read more about O2 at www.o2.co.uk/news.

O2 Drive is a trading name of Telefónica UK Limited. Registered Office: 260 Bath Road, Slough, Berkshire, SL1 4DX. Registered in England No. 1743099 authorised and regulated by the Financial Conduct Authority.

O2 Drive Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 3231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS