NARS Nationw.Acc

 

TIDMNARS 
 
RNS Number : 0847L 
Nationwide Accident Repair Srvs PLC 
30 April 2010 
 

 
 
NARS 
30 April 2010 
 
 
                    NATIONWIDE ACCIDENT REPAIR SERVICES PLC 
                        ("Nationwide" or "the Company") 
 
                                   Announces 
 
                          Preferred Supplier Contract 
                         With a Leading Insurance Group 
 
Nationwide, the largest provider of dedicated accident repair services in the 
UK, is pleased to announce that it has agreed a significant three year contract 
with a leading insurance group in which Nationwide will be the preferred 
supplier for vehicle accident repair and repair management services across the 
UK. The agreement is estimated to be worth approximately GBP8m per annum, once 
fully implemented. It was secured after a rigorous tender process, following the 
insurer's decision to consolidate its large supplier network in order to improve 
efficiencies and enhance customer service levels. 
 
Under the terms of the agreement, Nationwide will manage the deployment of all 
vehicle repairs via its Network Services Division.  The insurer will also use 
Nationwide's mobile repair services (Mobile Restore), which complete smaller 
repairs at a customer's preferred location. 
 
This new agreement follows Nationwide's recent renewal and contract extension 
with RSA Insurance Group plc ("RSA"), where it is one of two dedicated repairers 
for RSA.  Management is pleased to further strengthen Nationwide's core 
insurance customer base at the same time as it is increasing the Company's 
presence in the retail and fleet markets, with the planned expansion of its 
mobile repair services this summer. 
 
The contract will help to underpin the Company's trading performance in the 
current financial year, with the full benefits being felt in the financial year 
to 31 December 2011. 
 
Michael Wilmshurst, Chief Executive of Nationwide, said, 
 
"This is a significant win for us and I am delighted that we have been selected 
as the preferred vehicle repair partner in the UK for this major insurance 
group.  We focus on providing Quality, Value, Speed and Service to our customers 
and look forward to delivering all these benefits under this new agreement. 
 
It is also encouraging to see early uptake of our enhanced mobile repair 
services, which enable us to complete light repair work quickly and efficiently 
at car owners' preferred location, whether at home or at work.  By offering 
mobile services alongside our on-site capability, we are able to reduce our 
cycle times and facilitate quicker resolution of claims on behalf of our 
insurance customers." 
 
 
Enquiries: 
 
+-------------------+--------------------------+--------------+ 
| Nationwide        | Michael Wilmshurst,      | T: 01993 701 | 
| Accident Repair   | Chief Executive          | 720          | 
| Services plc      |                          |              | 
+-------------------+--------------------------+--------------+ 
|                   |                          |              | 
+-------------------+--------------------------+--------------+ 
| Biddicks          | Katie Tzouliadis/ Sophie | T: 020 7448  | 
|                   | Lane                     | 1000         | 
+-------------------+--------------------------+--------------+ 
|                   |                          |              | 
+-------------------+--------------------------+--------------+ 
| Arbuthnot         | James Steel/ Ben Wells   | T: 020 7012  | 
| Securities        |                          | 2000         | 
+-------------------+--------------------------+--------------+ 
 
 
 
About Nationwide Repair Services plc 
Nationwide provides automotive crash repair and accident administration services 
to the UK insurance industry. With a network of accident repair centres in 
England, Scotland and Wales employing over 2,200 people, it is the largest 
dedicated provider of accident repair services in the UK. 
 
Nationwide's accident administration services, provided to insurers, insurance 
brokers and affinity groups, encompass full claims management, engineering 
services, emergency and roadside assistance as well as vehicle repair services 
and total loss management. 
 
In the summer, the Company will be launching a mobile repair service (Mobile 
Restore) which will enable light vehicle repair jobs to be undertaken at a 
location of the customer's choice.  This service will be available to consumers 
and fleet operators as well as to motor insurers. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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