Covéa Insurance launches new e-Trade Commercial Combined product

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

Covéa Insurance Plc is the UK underwriting business of leading French mutual insurance group Covéa (which includes the global reinsurer PartnerRe since July 2022). 

Covéa Insurance looks after the insurance needs of UK customers, across a range of product lines; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa.  

Covéa Insurance has a strong people and service ethos and 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. In 2022 Covéa Insurance was named Insurer of the Year at the British Claims Awards and Personal Lines Insurer of the Year at the Insurance Times Awards.