Contract Win
Intec Telecom Systems PLC
01 August 2006
UK's largest insurance company, Norwich Union, selects
Intec Convergent Billing for its innovative
Pay As You Drive InsuranceTM service
•Combination of advanced billing technology and GPS-based monitoring
offers monthly itemised motor insurance bills and greater customer choice
London, 1 August 2006: The UK's largest insurer, Norwich Union, part of the
Aviva group, has contracted Intec to provide the billing technology for its Pay
As You Drive InsuranceTM. Under the terms of the contract, Intec is supplying
its Intec Convergent Billing (Singl.eView) software, plus associated
professional services, to allow Norwich Union to generate itemised monthly
bills.
The adoption of Intec Convergent Billing for vehicle insurance underlines the
flexibility of Intec's technology, which is used by many of the world's most
innovative telecoms carriers, including Virgin Mobile and '3'. The process of
rating and charging for vehicle usage is inherently similar to the billing
processes used in telecoms, and it will allow Norwich Union to deliver
sophisticated, itemised bills to customers with an accurate record of charges
and how they are incurred.
Iain Napier, Director of Telematics at Norwich Union, said: "We selected Intec
Convergent Billing because it is widely regarded as the telecoms industry's most
flexible and configurable billing technology, and because Intec was enthusiastic
in working with us to maximise the potential of this brand new system."
"We are very excited to be a key part of this new offering from one of the
industry's most influential companies," said Intec CEO, Kevin Adams. "When
Norwich Union asked us to become involved, we could immediately see that this
was an idea with great potential, not least because the sophistication of
billing systems developed for telecoms can be used to deliver all sorts of new
business opportunities to the customer. It also expands the use of our billing
technology into a completely new market, which we believe could potentially be
rolled out in many parts of the world."
Pay As You Drive InsuranceTM
Pay As You Drive Insurance uses a Global Positioning System (GPS)-based device
installed in the vehicle to record customer journeys. The journey data is then
relayed to a central computer using cellular technology. Norwich Union
calculates the customer's premium and an itemised monthly bill is produced.
Norwich Union believes this represents a major breakthrough in the calculation
of fairer motor insurance premiums and ultimately gives the policy holder
greater control, flexibility and choice.
Intec Convergent Billing - One billing platform, for any service, and for every
customer.
Intec has an outstanding capability in convergent billing, centred on our world
class billing family, Singl.eView. Over 60 leading global companies rely on
Intec Convergent Billing to deliver pre-paid, post-paid and real-time billing,
from a single platform, for all their services. Intec Convergent Billing is
designed to provide:
* Flexibility - to meet all present and future requirements
* Configurability - to let you innovate and compete faster
* Outstanding performance - to handle tens of millions of subscribers
* High availability - to protect revenues and increase customer satisfaction
* Low cost of ownership - to cut costs and improve margins
Built using modern, industry-standard technologies, Intec Convergent Billing is
proven in production at some of the world's largest and most innovative
companies. Naturally, it is compatible with all major network technologies and
services in use today and, as part of the wider Intec product family, is
supported by carrier grade solutions in areas such as convergent mediation,
activation and interconnect.
For further information, please contact:
Intec Telecom Systems PLC www.intecbilling.com
Kevin Adams, Chief Executive Officer +44 (0)1483 745 800
Smithfield Consultants
Sara Musgrave, Libby Young, Tania Wild +44 (0)20 7360 4900
intec@smithfieldgroup.com
About Norwich Union
Norwich Union is the UK's largest general insurer with a market share of around
14%, with a focus on insurance for individuals and small businesses.
It is a leading provider of life, pensions and investment products and one of
the largest Financial Adviser (FA) providers. FAs provide over 70% of the
company's long-term savings business in the UK.
Norwich Union's news releases and a selection of images are available from
Aviva's internet press centre at www.aviva.com/media
About Intec
Intec Telecom Systems plc is a leading supplier of business and operations
support systems (BSS/OSS) to over 350 customers across the global telecoms
industry. Intec is a world market leader in convergent billing systems,
inter-carrier billing and mediation. Intec's customer base now includes a
substantial number of the world's top 100 carriers. Founded in 1997, Intec is
listed on the London Stock Exchange (ITL.L) and has over 1,600 staff and 31
offices in 25 countries.
Intec's product and solution portfolio includes:
• Retail billing and customer management
• Multi-service mediation and activation
• Inter-carrier billing settlements including US CABS and ITU-based settlement
• End-to-end content partner management
• Optimised wholesale routing and trading
• Real-time pre/post-paid mediation and charging
• A fully-integrated solution for IPTV charging, billing and user interaction
Intec's customer base includes, among others, BellSouth Telecommunications Inc.,
Cable & Wireless, The Carphone Warehouse (UK), Cesky Telecom (Czech Republic),
China Unicom, China Netcom, COLT Telecommunications, Deutsche Telekom, Eircom
(Ireland), France Telecom, Hutchison 3G, MTN, Nitel (Nigeria), Reliance (India),
SingTel Optus (Australia), O2, Orange, Telecom Argentina, Telecom Egypt, Telecom
Italia, Tiscali, TPSA (Poland), Swisscom, T-Mobile, Telefonica, Telia, Telkom
South Africa, Telstra, US Cellular, Vodafone, VimpelCom (Russia), Virgin Mobile,
Vivo (Brasil), XO Communications and Verizon.
For more information, visit the Intec website at www.intecbilling.com
This information is provided by RNS
The company news service from the London Stock Exchange