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Ageas teams up with Marmalade to launch insurance for young drivers

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Ageas Insurance has signed a three year deal with insurance group Marmalade to provide motor insurance products to young drivers.

The product is designed to help young drivers to get insured without risking the car owner’s no claims discount:

The range of products will include learner, student and named young driver insurance.

The leaner insurance can be added to existing policies to cover learner drivers on a family member’s or friend’s car until they pass their driving test, while the student cover insures those who only drive occasionally on a vehicle they borrow.

The named young driver insurance is an annual telematics policy designed for young drivers as an alternative to being named in the car owner’s policy. The app allows the telematics to activate only when the young driver is behind the wheel.

Ant Middle Ageas’s chief customer officer said; “Ageas is best known for offering car insurance to established drivers so we’re delighted to be working with Marmalade, offering insurance cover to the next generation of drivers.”

Crispin Moger, CEO for Marmalade added: “Ageas is the right partner for Marmalade to work with to continue challenging the industry and reshaping insurance products available for learner and young drivers.”

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