Covéa Insurance awarded Chartered Status for 7th year “Continuous commitment to the highest professional standards”

4 May 2022

Covéa Insurance is pleased to announce it has been awarded Chartered Insurer status by the Chartered Insurance Institute (CII) for a seventh consecutive year. Chartered Status is a rigorous assessment of a firm’s capability and commitment to meeting the highest professional standards. In addition to being a public declaration of intent, firms acquiring Chartered Status must also meet robust and clearly defined measures relating to training, competence, and technical skills.

https://www.cii.co.uk/membership/join-us/chartered/corporate-chartered/renew/

Carolyn Callan, Covéa Insurance Commercial Lines Director said:

“Chartered Status is important for us because we believe the quality and consistency of technical knowledge and skills are crucial in upholding standards and building customer confidence and trust. For example, the way policy wordings are written or interpreted, the way risk assessments are carried out, or the way liability is established, has a direct impact upon our service delivery and makes a real difference to the experience our broker partners and customers receive.

“Obtaining Chartered Status for the seventh consecutive is clear demonstration of our consistency in delivering for our broker partners and customers through our commitment to the highest professional standards.”

Jonathan Clark, Interim Chief Executive of the CII said:

“Chartered firms have made a public commitment to professionalism and must uphold standards set by the CII for excellence in qualifications, business practices and professional development which Covea continues to demonstrate, and I applaud them for this achievement. The objective of corporate Chartered status is to allow firms to demonstrate their commitment to professionalism and in doing so, ultimately build public trust in the profession.”

In addition to renewing its Chartered Status, Covéa Insurance has again received Continuing Professional Development (CPD) accreditation from the CII for its award-winning Broker Training Academy which invests in technical skills for broker employees.

 

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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 16.6 billion Euros in premiums in 2020.   

Covéa Insurance looks after the insurance needs of 2.2 million policyholders; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa. 

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 around 2,000 people, Covéa Insurance has a strong people and service ethos. It holds ServiceMark accreditation with Distinction for its Personal Lines operation and its Commercial & HNW Claims teams, as well as Chartered Insurer status for its Commercial business. Covéa Insurance is signatory to the HM Treasury Women in Finance Charter and the insurance Inclusivity Pledge and has been named one of the top 75 employers in West Yorkshire & the Humber.

Recently, Covéa Insurance won the General Insurer of the Year award at the British Insurance Awards 2021. It was named as the Best Place to Work in Digital (Large Organisations) at the Digital Technology Leaders Awards and as the Best Employer at the Yorkshire Financial Awards. They were also recipients of the Best Insurer title at the British Claims Awards, High Net Worth Product of the Year Award at the Insurance Times Awards, the Staff Empowerment Award at the Diversity & Inclusion in Insurance Awards.

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