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NFU Mutual announces multi-year agreement

NFU Mutual announces multi-year agreement | Insurance Business UK

NFU Mutual announces multi-year agreement

NFU Mutual has agreed to a multi-year deal with GT Motive, allowing it to utilise the latter’s GT Global cloud-based estimating platform.

GT Global provides estimating solutions for insurers, repairers, and accident management businesses. It can be accessed on most devices, including mobile phones, and has been designed with simple APIs to allow flexibility and easy collaboration among users.

“We are delighted to be working with GT Motive, they have created an easily accessible and collaborative estimating platform that we are confident will keep pace with the ever-changing demands of the sector,” said NFU Mutual head of claims supply & services Nick Blacknell. “The solution will not only provide NFU Mutual and its customers with accurate and efficient assessments of vehicle damage, but also provide enhanced value and flexibility to the repairers that we work with.”

According to a release from GT Motive, there have been concerns raised within the insurance market about relying on a single provider for estimation solutions. To this, the insurtech said that it hopes to reduce the risk that comes with single suppliers through its highly collaborative platform, designed to integrate with any supply chain or network.

“We’re really beginning to see some change within the market, and we’re so excited to be announcing this agreement with NFU Mutual,” said GT Motive UK & Ireland executive director David Vella.

“They share our passion for innovation, and we can ensure they’re providing the most cost-effective solution for their supply chain,” Vella added. “With the implementation of competition in market, we can begin to stabilise the pricing of estimating solutions within the UK.”

Read more: Allianz X acquires majority stake in GT Motive

In September, the digital investment unit of Allianz Group, Allianz X, signed a definitive agreement to acquire a majority stake in Madrid-based GT Motive. Following closure of the transaction, the Einsa founding group will remain as a minority shareholder in GT Motive, and the current management team will be maintained.