Covéa Insurance joins motor manufacturers’ insurance alliance as Verex Group panel member

Covéa Insurance is delighted to announce a new partnership with Verex Group, the market leader in dedicated connected car insurance and accident management services.  The partnership will enable customers to buy manufacturer branded motor insurance, at the same time as purchasing a new or used vehicle from the 16 manufacturers in the Verex alliance.

Covéa Insurance joins an existing panel of insurance underwriters to provide broader capacity, in particular, to address market growth in electric vehicles. 

Sue Coffey, Director, Personal Lines Distribution at Covéa Insurance said: “Our strategic partnership with Verex will deliver an opportunity for us to compete in a different intermediated space, offering an all-encompassing product with an organisation committed to providing a first-class service across numerous different car manufacturing brands.”

The innovative solution offered by Verex Group makes insurance seamless for customers by automating the process between insurers and the vehicle manufacturer. Supported by digital journeys, mobile and self-service apps, the proposition continues to provide customers with additional support when they need it most.

Mark Aryaeenia, Group CEO at Verex, said, “We are delighted to have extended our panel to include Covéa insurance who previously were the underwriter of the recently acquired Nissan brand.   It’s great to partner with an organisation like Covéa who are totally supportive of our progressive approach to insurance and put the customer at the heart of everything they do.”

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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 over 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 over 1900 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.