{"id":128,"date":"2025-04-17T23:43:41","date_gmt":"2025-04-17T23:43:41","guid":{"rendered":"https:\/\/nudgefoundation.org.uk\/blog\/?page_id=128"},"modified":"2025-05-26T22:54:22","modified_gmt":"2025-05-26T22:54:22","slug":"concept","status":"publish","type":"page","link":"http:\/\/www.magellanuk.co.uk\/?page_id=128","title":{"rendered":"Concept"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Hero” _builder_version=”4.27.4″ background_color=”#001F40″ use_background_color_gradient=”on” background_color_gradient_direction=”160deg” background_color_gradient_stops=”#001f40 0%|#7a8795 99%” background_color_gradient_start=”#003bde” background_color_gradient_end=”#58d0ff” custom_margin=”||-44px|||” custom_padding=”|0px|47px|0px|false|false” bottom_divider_style=”asymmetric3″ bottom_divider_color=”#ffffff” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”|700|||||||” header_text_color=”#001F40″ header_font_size=”40px” header_line_height=”1.4em” background_layout=”dark” max_width=”600px” custom_margin=”||30px|” custom_margin_last_edited=”off|desktop” header_font_size_tablet=”30px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n

Our Concept: A Fairer Future for Motor Insurance.<\/span><\/h1>\n

Magellan is rebuilding car insurance from the ground up. Using mobile telematics, behavioural analytics, and local partnerships, we will create a fairer, more transparent pricing model that rewards safer driving.\u00a0<\/p>\n

[\/et_pb_text][et_pb_button button_text=”Invest in our Growth” _builder_version=”4.27.4″ custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#001F40″ button_border_width=”0px” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” background_layout=”dark” custom_margin=”|||” custom_padding=”16px|40px|16px|40px|true|true” hover_enabled=”0″ button_border_radius_hover=”4px” button_letter_spacing_hover=”1px” button_bg_color_hover=”#0053ef” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”on” button_border_radius__hover=”4px” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”1px” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#0053ef” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off” button_url=”https:\/\/www.magellanuk.co.uk\/?page_id=151″ sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”http:\/\/www.magellanuk.co.uk\/wp-content\/uploads\/2025\/04\/insurance-21.png” title_text=”insurance-21″ align=”center” align_tablet=”center” align_phone=”center” align_last_edited=”on|desktop” _builder_version=”4.27.4″ width=”80%” custom_margin=”|||” animation_style=”zoom” animation_direction=”bottom” animation_intensity_zoom=”4%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Policies” _builder_version=”4.27.4″ background_color=”rgba(255,255,255,0)” min_height=”368.2px” custom_margin=”||-39px|||” custom_padding=”0|0px|58px|0px|false|false” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.16″ min_height=”328.4px” custom_margin=”80px|auto||auto||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”|700|||||||” header_2_text_color=”#001F40″ header_2_font_size=”36px” header_2_line_height=”1.4em” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

A Broken System Hurting Good Drivers<\/h2>\n

Today\u2019s pricing models rely on broad risk assumptions based on postcode, age and other generalisations. Millions of UK drivers face inflated premiums driven by outdated postcode-based pricing. Ethnic minority and lower-income areas are disproportionately impacted.<\/p>\n

We believe it\u2019s time for a fairer, smarter approach.<\/strong><\/p>\n

 <\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Good drivers are penalised for living in \u201chigh-risk\u201d areas” use_icon=”on” font_icon=”||fa||400″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Ethnic minority communities face disproportionate costs” use_icon=”on” font_icon=”||fa||400″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Premiums are unaffordable for many households” use_icon=”on” font_icon=”||fa||400″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Safer drivers are subsidising riskier ones” use_icon=”on” font_icon=”||fa||400″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ custom_margin=”||-7px|||” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Bundles” _builder_version=”4.27.4″ custom_margin=”||-58px|||” custom_padding=”46px|||||” box_shadow_style=”preset1″ global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”9px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider color=”#001F40″ divider_weight=”3px” _builder_version=”4.27.4″ max_width=”100px” module_alignment=”center” custom_margin=”||0px|” locked=”off” global_colors_info=”{}”][\/et_pb_divider][et_pb_text _builder_version=”4.27.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”|700|||||||” header_2_text_color=”#001F40″ header_2_font_size=”36px” header_2_line_height=”1.4em” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Data-Driven Insurance: Smarter Risk. Lower Costs. Safer Roads.<\/h2>\n

Magellan combines mobile-based telematics with behavioural analytics to fairly price motor insurance. Our technology-led model is built on three principles:<\/p>\n

 <\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.16″ custom_margin=”-80px|||” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|tablet” custom_padding=”0|0px|27px|0px|false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Good People” image=”http:\/\/www.magellanuk.co.uk\/wp-content\/uploads\/2025\/04\/insurance-28.png” content_max_width=”1100px” _builder_version=”4.27.4″ header_font=”||||||||” header_line_height=”1.6em” body_font=”Montserrat|300|||||||” body_font_size=”16px” body_line_height=”2em” background_color=”#ffffff” text_orientation=”center” custom_padding=”30px|30px|30px|30px|true|true” animation_style=”zoom” animation_intensity_zoom=”10%” animation=”off” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ box_shadow_vertical=”10px” box_shadow_blur=”80px” box_shadow_spread=”-10px” box_shadow_color=”rgba(44,54,92,0.2)” global_colors_info=”{}”]<\/p>\n

Partnering with local authorities, employers, and communities<\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Good Driving” image=”http:\/\/www.magellanuk.co.uk\/wp-content\/uploads\/2025\/04\/insurance-29.png” content_max_width=”1100px” _builder_version=”4.16″ header_line_height=”1.6em” body_font=”Montserrat|300|||||||” body_font_size=”16px” body_line_height=”2em” background_color=”#ffffff” text_orientation=”center” custom_padding=”30px|30px|30px|30px|true|true” animation_style=”zoom” animation_delay=”250ms” animation_intensity_zoom=”10%” animation=”off” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ box_shadow_vertical=”10px” box_shadow_blur=”80px” box_shadow_spread=”-10px” box_shadow_color=”rgba(44,54,92,0.2)” locked=”off” global_colors_info=”{}”]<\/p>\n

Filtering drivers based on behaviour, not background<\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Good Outcomes” image=”http:\/\/www.magellanuk.co.uk\/wp-content\/uploads\/2025\/04\/insurance-22.png” content_max_width=”1100px” _builder_version=”4.16″ header_line_height=”1.6em” body_font=”Montserrat|300|||||||” body_font_size=”16px” body_line_height=”2em” background_color=”#ffffff” text_orientation=”center” custom_padding=”30px|30px|30px|30px|true|true” animation_style=”zoom” animation_delay=”500ms” animation_intensity_zoom=”10%” animation=”off” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ box_shadow_vertical=”10px” box_shadow_blur=”80px” box_shadow_spread=”-10px” box_shadow_color=”rgba(44,54,92,0.2)” locked=”off” global_colors_info=”{}”]<\/p>\n

Reducing claims, cutting fraud, and delivering lower premiums<\/p>\n

[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Our proprietary MagellanLite<\/strong> app lets drivers demonstrate their safety before they\u2019re even offered a quote. Once insured, our full platform uses live data to help manage risk and reinforce good habits.<\/p>\n

This approach means:<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ _builder_version=”4.27.4″ global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”http:\/\/www.magellanuk.co.uk\/wp-content\/uploads\/2025\/04\/Magellen-App-298×300.png” title_text=”Magellen App” align=”center” align_tablet=”center” align_phone=”center” align_last_edited=”on|desktop” _builder_version=”4.27.4″ min_height=”277.6px” border_width_all=”9px” border_color_all=”#7A8795″ box_shadow_style=”preset1″ box_shadow_blur=”28px” box_shadow_color=”#001F40″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”More accurate risk assessment” use_icon=”on” font_icon=”||divi||400″ _builder_version=”4.27.4″ _module_preset=”default” header_level=”h2″ header_font=”|600|||||||” header_text_align=”center” image_icon_custom_margin=”||0px||false|false” image_icon_custom_padding=”||||false|false” module_alignment=”center” custom_margin=”0px||||false|false” custom_padding=”50px||||false|false” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Better claims handling and fraud prevention” use_icon=”on” font_icon=”||fa||400″ _builder_version=”4.27.4″ _module_preset=”default” header_level=”h2″ header_font=”|600|||||||” header_text_align=”center” image_icon_custom_margin=”||0px||false|false” image_icon_custom_padding=”||||false|false” module_alignment=”center” custom_margin=”0px||||false|false” custom_padding=”50px||||false|false” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Fairer pricing for every policyholder” use_icon=”on” font_icon=”||fa||900″ _builder_version=”4.27.4″ _module_preset=”default” header_level=”h2″ header_font=”|600|||||||” header_text_align=”center” image_icon_custom_margin=”||0px||false|false” image_icon_custom_padding=”||||false|false” module_alignment=”center” custom_margin=”0px||||false|false” custom_padding=”50px||||false|false” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Policies” _builder_version=”4.27.4″ background_color=”rgba(255,255,255,0)” min_height=”368.2px” custom_margin=”-22px||-39px|||” custom_padding=”0|0px|58px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ custom_margin=”60px|auto|-6px|auto||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#001F40″ divider_weight=”3px” _builder_version=”4.27.4″ max_width=”100px” module_alignment=”center” custom_margin=”||0px|” locked=”off” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.16″ custom_margin=”60px|||” custom_padding=”||0px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”|700|||||||” header_2_text_color=”#001F40″ header_2_font_size=”36px” header_2_line_height=”1.4em” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Insurance That Works for Everyone<\/h2>\n

Magellan’s insurance model is designed around people, not postcodes. We believe everyone deserves fair pricing, especially in communities where traditional insurance models have failed.<\/p>\n

Our technology-first model means:<\/strong><\/p>\n

 <\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Drivers prove their behaviour, not their background” use_icon=”on” font_icon=”||fa||900″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Data is used to reward safety, not penalise location” use_icon=”on” font_icon=”||fa||900″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Insurance becomes part of a safer, community-based ecosystem” use_icon=”on” font_icon=”||fa||900″ icon_color=”#7A8795″ image_icon_background_color=”#FFFFFF” icon_placement=”left” font_icon_tablet=”\uf057||fa||400″ font_icon_phone=”\uf057||fa||400″ font_icon_last_edited=”on|desktop” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|600|||||||” header_text_color=”#001F40″ global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Our Concept: A Fairer Future for Motor Insurance. Magellan is rebuilding car insurance from the ground up. Using mobile telematics, behavioural analytics, and local partnerships, we will create a fairer, more transparent pricing model that rewards safer driving.\u00a0A Broken System Hurting Good Drivers Today\u2019s pricing models rely on broad risk assumptions based on postcode, age […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-128","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128"}],"version-history":[{"count":2,"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/128\/revisions"}],"predecessor-version":[{"id":281,"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/128\/revisions\/281"}],"wp:attachment":[{"href":"http:\/\/www.magellanuk.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}