Safe Location Discounts Qorus Innovation in Insurance Awards 2021

When I insure my car it’s my driving history, how far I drive in a year and where I live that are the main considerations towards how much my car insurance premium will be. Why is it then that when it comes to insuring my mobile phone it’s only the cost of my mobile that determines my premium and nothing to do with my risk as an individual? With our patent pending ‘safe location discounts’ service we’re looking to change this. By knowing how much time a customer has spent at home, in the office etc. and therefore presenting a low risk to damaging their device. At the end of each month we return part of their monthly premium in the form of a discount on the customers bill. Not only does this deliver to the customer’s expectation for only paying for insurance when they need it most – outside the home – but it also means that insurers can offer their customers better pricing, without increasing their own risk exposure. That’s ‘safe location discounts’.