Covéa Insurance launches new e-Trade Commercial Combined product

18th June 2019

Covéa Insurance continues to develop its Commercial Lines proposition with the launch of their e-Trade Commercial Combined product.  The product is a comprehensive ‘All Risks’ product that is designed to be traded electronically either via Acturis or through the Covéa Insurance Online extranet site.

Following on from the successful launch of their Business Combined Insurance product last year, this product is designed to complement their existing range and offers brokers additional flexibility when placing e-trade business with Covéa Insurance.

It’s designed to meet the changing needs of today’s SME businesses and is the first in a series of e-traded products, with motor fleet to follow.  One of the key features of the product is its modularity, which offers up to 15 optional sections of cover, ensuring businesses only pay for the cover they need.  The product also includes the addition of Cyber cover with Covéa Insurance being one of only a few insurers offering this increasingly valuable cover on an e-Trade Commercial Combined product.  For risks that are slightly more complex, brokers will have a 60 minute referral response time, with the added support of a webchat facility, allowing brokers to provide an efficient response to their clients.

Carolyn Callan, Director of Commercial Lines & HNW commented; “We wanted to offer brokers a comprehensive suite of covers on an e-traded platform but with a product that could be completely tailored to client’s requirements, giving them exactly the level of cover they need, when they need it, without paying for unnecessary cover.  This product has been in pilot for several months, with the invaluable feedback we have received from brokers helping to shape the final proposition.  We are excited to launch it to our full broker panel, knowing that 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.

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