Covéa Insurance join the Parliamentary Advisory Council for Transport Safety

Covéa Insurance has joined the Parliamentary Advisory Council for Transport Safety (PACTS). PACTS is an all-party parliamentary group that advises Parliamentarians and government, drawing on the expertise and knowledge of its member organisations to identify research-based solutions to all areas of transport safety.

Barry Street, Head of Engineers at Covéa Insurance has been appointed member representative and will work closely with PACTS, contributing to discussions on key road safety matters and helping to shape future initiatives that will impact Britain’s roads.

Barry explained:

“Insurers have a key role to play in ensuring the safety of Britain’s roads and it’s important that we engage with organisations like PACTS to share our experience and knowledge. In joining the road safety conversation, we have an opportunity to develop solutions that will help to reduce avoidable road casualties and lobby the government to ensure that legislation on road safety issues is realistic, practical and achievable.”

David Davies, Executive Director of PACTS added:

“We are delighted that Covéa Insurance has joined PACTS. Insurance companies have a strong day-to-day understanding of driver risks and are looking for ways to reduce these risks, particularly for young drivers. The UK is still in a period of public spending restraint and we need to draw on the expertise of the private sector to reduce road safety casualty further. Having Covéa Insurance’s support and Barry Street’s involvement as their member representative will be very valuable.”

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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. 

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.