Covéa Insurance achieves Chartered Insurer status

21st January

Covéa Insurance is pleased to confirm that its Commercial Lines and High Net Worth business has been awarded the prestigious “Chartered Insurer” status by the Chartered Insurance Institute (CII). Chartered status is an exclusive accreditation only awarded to firms that meet rigorous criteria relating to professionalism and capability.

In obtaining Chartered Insurer status, Covéa Insurance demonstrated achievement of the highest professional standards. Over half of the company’s Commercial Lines and High Net Worth management team are qualified as Chartered Insurers and 90% of its customer-facing team are active CII members, committed to on-going development through a professional development programme.

Simon Cooter, Commercial Lines and High Net Worth Director commented:

“It’s great to receive this acknowledgement which underlines the dedication and professionalism of the highly skilled and experienced team we have in place supporting our broker and business partners. Gaining Chartered Insurer status was an important strategic objective for our Commercial and High Net Worth business, and forms part of our programme of work to fully align the high service standards previously offered by both Covéa Insurance and Sterling Insurance, as we start 2016 as a fully integrated business”

Dr Sandy Scott, CEO at the Chartered Insurance Institute added:

"Chartered status is recognised around the world as a mark of excellence and Covéa Insurance should be rightly proud of this achievement. Their commitment to high standards of competency is underpinned by an ethical culture and an approach to conduct that puts customers at the heart of everything they do."

Covéa Insurance has a strong track record of investing in the professionalism of its people, having gained Investors In People Gold accreditation in 2014 and being recognised as one of the Sunday Times 100 Best Companies to Work For in both 2015 and 2016.

 

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About Covéa Insurance

Covea Insurance plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France and served 11.5 million policyholders, generating over 16.4 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In January 2016, Sterling Insurance Company Limited became a fully integrated part of Covea Insurance Plc, following a Part VII transfer under the Financial Services and Markets Act. 

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