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.”

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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.