Covéa Insurance addresses underinsurance and homeworking with re-launched Executive Home product

Covéa Insurance is pleased to announce it has re-launched its Sterling Executive Home product, raising cover limits and adding new covers to give even greater peace of mind to affluent Mid Net Worth (MNW) customers.  Policy additions include a new Executive Homeworkers Extension, designed to meet the insurance needs of the growing number of executives who run a business from home. The product will be available for new business from 1^st July.

Covéa Insurance is supporting the product launch with a series of three High Net Worth (HNW) showcase events, designed to give brokers an interesting and informative glimpse into developments in the HNW market. The events will feature guest speakers sharing their insight on subjects relevant to this niche, including a look at current market trends for high value watches, the traps and pitfalls of the modern art market, and developments in automated driving.

Sara Simmons, Head of HNW and Schemes commented:

“As mid and high net worth specialists, we closely monitor the market, and listen to broker feedback, to ensure that our product continues to meet the demands of our clients.  Underinsurance is a particular concern for affluent clients, and we’ve addressed this with increased covers for buildings and contents. We’ve also recognised that more clients now choose to run their business from home so have made the decision to include the Homeworkers Extension as an optional extra to the product so our clients’ needs can be streamlined and dealt with more effectively.”

She added:

“The enhancements to our Executive Home product have been made solely with our clients in mind, reflecting our continued commitment to providing the exceptionally high standard of service that brokers have come to expect from us.”

Covéa Insurance will be running HNW Showcase events in West Malling on 29^th June, Birmingham on 12^th June and Manchester on 13th July.

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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, generating over 16.9 billion Euros in premiums in 2018.  

Covéa Insurance looks after the insurance needs of over 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa.  It has Gold Investors in People accreditation and has been named one of the top 75 employers in West Yorkshire & the Humber.

The company offers motor, household, protection, pet, mid and high net worth insurance and a range of commercial insurance products, through a range of distribution channels. Employing over 1800 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and is signatory to the HM Treasury Women In Finance Charter. 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 2018, Covéa Insurance were recipients of the Personal Lines Insurer of the Year award at both the British Insurance Awards and the Insurance Times Awards and was the top rated insurer in the Insurance Times Broker Service Survey for both Personal and Commercial Lines.