Insurance start-up By Miles has joined the Association of British Insurers (ABI) as an associate member.
By Miles provides pay-as-you-drive insurance designed for UK drivers that travel fewer than 7,000 miles per year. Drivers pay a small upfront sum for an annual policy and are then billed monthly for the miles that they drive.
The ABI’s associate membership category was developed to meet interest from the burgeoning insurtech market in joining the association—as well as non-insurance companies, such as legal firms, consultants, price comparison sites, and a variety of suppliers.
James Dalton, director of general insurance at the ABI, said: “I’m excited to welcome By Miles as the ABI’s latest associate member. As consumers’ needs and everyday demands evolve and adapt, the insurance market is doing so, too. By Miles is a leading innovator in the motor insurance market and I’m sure we’ll benefit from their membership of the ABI just as much as they will.”
James Blackham, CEO of By Miles, commented: “By Miles is delighted to join the ABI as an associate member today. We’ve built the UK’s first real time pay-by-mile car insurance policy, and we want to keep pushing car insurance forward in the future. With the support and experience of the ABI and its members, we hope we’ll be able to continue to have the conversations that matter, making the world of car insurance simpler, fairer and more flexible for UK drivers.”