Cellphone agency EE plans automotive and journey insurance coverage: UK’s largest cell community in formidable growth technique
The UK’s largest cell community EE might be providing journey and automotive insurance coverage inside the subsequent two years as a part of an formidable growth technique.
The corporate is known to be taking a look at offering cowl for devices akin to smartphones earlier than ultimately widening to different varieties of insurance coverage.
It follows an announcement final week that EE, which is owned by BT, would begin providing clients cyber and residential safety packages via a partnership with antivirus agency Norton and alarm system group Verisure.
Enlargement plans: The corporate is known to be taking a look at offering cowl for devices akin to smartphones earlier than ultimately widening to different varieties of insurance coverage
A supply mentioned they ‘would not be stunned’ if the agency started providing the merchandise inside the subsequent 12 months or two.
Paolo Pescatore, analyst at PP Foresight, mentioned that such strikes from EE have been more likely to be ‘just the start’ as UK telecoms corporations search out methods to generate new income streams.
He added that shifting into new areas is ‘paramount to future survival’ for giant telecoms corporations.
Plans for EE’s growth come forward of BT’s half-year outcomes this Thursday, with many buyers seeking to see how the FTSE100 agency is holding up amid fears the cost-of-living squeeze will trigger clients to chop again on web and cellphone plans.
There may even be curiosity in how the group is dealing with a wave of strike motion as employees stroll off the job amid a bitter dispute over pay.
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