Cobra UK is providing the technology behind a
new generation of pay-as-you-drive motor
insurance, enabling a wide variety of drivers to
potentially significantly reduce their insurance premiums by
monitoring the time of day and the distance they drive. The system
allows insurers to provide lower premiums for drivers using their
vehicles outside peak or higher-accident-risk periods. Visit Coverbox for
further details.
Company Information
Cobra UK is a wholly owned subsidiary of Cobra Automotive
Technologies S.p.A, a leader in the design and manufacture of
security solutions for the automotive industry. The company,
founded in 1975, is a Tier One partner to the main European and
Asian car and motorcycle manufacturers, developing bespoke
solutions for both factory and aftermarket installation, and has a
worldwide network of around 40 local commercial partners.
Through its CobraTrak and NavTrak brands,
Cobra is the European market leader for stolen vehicle tracking and
location based services. The company supplies stolen vehicle
tracking and recovery services at a pan-European level to Audi,
Bentley, Ferrari, Lamborghini, Maserati, Mitsubishi, Nissan,
Porsche, Renault and Volkswagen.
Cobra's product range for the UK extends from Cobra anti-theft
alarms for both cars and motorcycles, to Cobra ParkMaster
aftermarket parking aids, Rosen retro fit in-car DVD systems,
BlueConnect
Bluetooth handsfree systems and E-Cruise aftermarket cruise
control.
CobraTrak systems use the latest GPS/GSM technology to provide
pinpoint accuracy and unparalleled service levels, with police
liaison in local language through Secure Operating Centres across
36 European countries and Russia. All of Cobra's vehicle tracking
solutions are Thatcham accredited and recognised by major
insurers.
Cobra also has direct operations in Italy, Germany, France, Spain,
Switzerland, UK, Japan and China. Design and manufacturing of
electronic systems take place at the company's Headquarters in
Varese, Italy, with software applications for location based
services being developed at their facilities in Sophia Antipolis,
France.
Cobra was listed on the Milan Stock Exchange, STAR segment, on 12
December 2006. The group's turnover in 2007 totalled 116.3 million
Euros, an increase of 29.3% compared to the previous year.