Covéa Insurance extends relationship with Callcredit

28th July

Covéa Insurance has announced an extension to its contract with Callcredit Information Group as part of its ongoing commitment to increasing the sophistication of its pricing. Callcredit provides a third party data enrichment programme and has been working with Covéa Insurance since March 2012. The success of the existing partnership has resulted in Covéa Insurance extending its current contract to December 2016.

Simon Kneller, Actuarial Director, at Covéa Insurance, commented:

“We’re continuing to invest in our approach to pricing and the tools provided by Callcredit have underpinned some of the advances we’ve made in the last few years to enhance our pricing sophistication. Over coming months we’ll be looking to utilise Callcredit’s enrichment tools more broadly across our Personal Lines product portfolio”.

Peter Mansfield, Managing Director at Callcredit commented:

“We are delighted that Covéa Insurance has chosen to further extend and expand their relationship with Callcredit.Covéa Insurance has seen great success implementing a data enrichment process and Callcredit, in partnership with Insurance Initiatives Ltd, are pleased to be able to support the expansion of this project across their personal lines product portfolio. We look forward to continuing this support and are committed to the ongoing development of the solution to meet changing business requirements”.

 

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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 16.3 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.

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