About Us
Company name: Text2Insure Limited.
Registered Number: 5347290
Place of Registration: England
Registered Office address: Fortis House,Tollgate,Eastleigh,Hampshire SO53 3YA
The Company
Text2Insure was founded in 2004 by two entrepreneurs
– Nicholas Thurlow and Malcolm
McLean.
Our technology and business process provides a simple
but effective way for prospective customers to obtain
a quote and cover for simple insurance products by
using existing mobile phone SMS text capability and
WAP.
We currently have applications for travel, motor and
claims but are constantly looking to extend our product
portfolio and broaden our partnership base.
The Market
The emergence of SMS as a communication and latterly
transactional channel has been exponential.. Industry
estimates project that UK users will soon be sending
over 100 million texts each day. As mobile becomes
an ever increasing part of all our lives we see an
opportunity to provide an ever increasing number of
consumers with a simple and effective way to transact
simple insurance.
“Mobile has a generational advantage
- millions of young people see their mobiles as almost
an extension of themselves”
Peter Erskine CEO O2 - October 2005
Research* by Text2Insure reveals that 8.59
million people with mobile phones would consider buying
insurance via a text messaging service and that 4.99
million expect to have done this over the next three
years.
*795 mobile phone users were interviewed
by market research company TNS between 20th and 22nd
May 2005
Our Vision
For the Text2Insure process to become the preferred way (for mobile phone users) to obtain ‘quote, cover and reassurance ’ for simple insurance products.
We are constantly working to develop and enhance our proposition to ensure that the our service is not just accessible but can be delivered in the way individual mobile users prefer.
Management Team
Nicholas Thurlow – (Co-Founder) Director
- Marketing
• 12 years experience in international advertising
and marketing agencies with a further 10 years expertise
in front line commercial roles working with major
FTSE 100 customers and partners. Founded and developed
a leading edge software business, focussed on the
financial services market. More recently Nicholas
has held executive board responsibility for marketing
and commercial development within software and outsourcing
businesses.
Malcolm Mclean – (Co-Founder) Director
- Operations
• Formerly Managing Director of a successful
Internet affinity marketing business and with 7 years
experience in the design and delivery of interactive
Internet applications.
Malcolm has extensive experience of negotiating and
delivering strategic partnerships with commercial
and affinity partners both in the public and corporate
sectors.
The Bigger Picture
Text2Insure is part of Fortis UK.
About Fortis
Fortis (Insurance UK) is a leading provider of
award-winning personal and commercial lines insurance
solutions in the UK. It has two main divisions,
providing both non-life and life products, which are
distributing through a range of channels including brokers,
IFAs, intermediaries, affinity partners and the internet
as well as various wholly or majority-owned companies
(RIAS, Fortis Insurance Solutions, Kwik-Fit Insurance Services,
Affinity Solutions, Tesco Underwriting, Text2Insure and
InsureTECH Systems).
Insuring around 7.6 million customers and working with a
range of partners, Fortis is recognised for delivering
consistent and high quality customer experiences.
In 2009, despite severe weather impact, its non-life Gross
Written Premium was £805 million and its profit before tax
and interest was £29 million.
In 2010 Fortis won four British Insurance Awards;
‘Customer Care (for Age Concern partnership)’,
‘Claims Initiative of the Year’, ‘The Technology Award’
and ‘Personal Lines Broker of the Year’. In addition Fortis
is a six time winner of the Insurance Times ‘Motor Insurer of
the Year’ (2001-03, 2005-06 & 2008), and was the first ever general
insurer to win the Incisive Media ‘Gold Standard for Insurance’
in both 2008 and 2009.
Fortis is part of Ageas Group (formerly Fortis Holding SA/NV),
an insurance group of significant scale with 20 million customers
and 11,000 employees worldwide. In 2009, the group reported a
turnover of EUR 16 billion. Fortis Holding rebranded to Ageas in
May 2010 reflecting its status as a stand alone international
insurance group, following the disposal of it banking assets
in 2009.
Fortis rebranding in the UK
In the UK, Fortis will rebrand to Ageas in a controlled way
over a period of time with the plan to complete the process by Q1 2011.
The proposed change of name does not affect Fortis customers or their
policies in any way. Over time, policy documentation and other
communication will change but it will not impact its customers' cover.
For more information about Fortis (Insurance UK) please visit
www.fortis-uk.com
