Covéa Insurance launches new commercial product - Excel Business Combined

Covéa Insurance continues to develop its commercial lines proposition with the launch of another new product.   Excel Business Combined is an all-encompassing property and casualty proposition for clients in the mid-corporate sector. This product comes with a wide range of innovative product enhancements including new cyber cover. Added to this, the product has a completely modular wording that allows brokers to tailor cover to their client’s unique needs. The product was launched in January to a select number of brokers and has already been well received during this pilot phase, many appreciating the speed with which the paperless wordings and documentation can be delivered.

Access to key decision makers through a network of 9 regional underwriting offices supports brokers in writing larger risks, backed by a same day response commitment. Covéa Insurance already has plans to expand the cover available with this product through a set of trade specific derivative covers that will be launched later this year.

Gavin Dollings, Director of Commercial Underwriting explained;

“We wanted to offer brokers a comprehensive suite of covers that could be completely tailored to the client’s needs, giving them exactly the level of cover they need, when they need it.   All of our products are backed by an award-winning claims service and dedicated teams committed to putting brokers and their customers at the heart of everything we do.”

-Ends-

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.