RACC

RACC has been invited to participate in Mutual Tinerfeña's tender to provide roadside assistance for their car insurance policyholders portfolio (private use cars mainly) based in Canary Island (Spain) and additionally to provide this coverage to other small niche of vehicles like, motorcycles rent a car and tax

• Q&A meeting 18.03
• Quote submitted 21.03.2025
• expecting feedback week of the 24.03
• decision to be made on their side 1st of July at the latest
• Send dates to visit in Barcelona - cancelled
• New Submission for Motorcycle insurance ( MTPL) < 1m € to be declined -->declined
• Feedback --> price is to high ,
• adapt revision clause to the frequency.
• 2nd Feedback, TAM shared a 29% observed frequency, asked for some data backing this assumption.
• Waiting for feedback on the second offer

Quote submitted based on 32% frequency assumption, deal includes 3months pricing review clause.

Feedback from quote: pricing review clause might be too short and doesnt take into account the seasonality.

Tender decision : July 2025