Covéa Insurance launches new Fleet product

16th December 2014

Covéa Insurance has announced it is opening up availability of its new Fleet product to commercial brokers from the end of December this year, following a period of marketplace testing. The Fleet product will be targeted at businesses with a fleet of up to 25 vehicles, including a mix of cars and commercial vehicles, and will be distributed via the company’s regional trading teams who are based across nine commercial regional offices throughout the UK. The regional trading teams are split between North and South and are led by Maureen Owen and Keith Hector respectively.

Speaking about the rationale behind the new Fleet product, Keith Hector said:
“This is a significant new opportunity both for us and for commercial brokers. We focus on commercial products for small and medium businesses, so the introduction of a Coveá Insurance Fleet product gives us a stronger commercial proposition overall and perfectly complements our existing product range. We also have a strong track record in motor, making fleet a natural progression; it’s a market we know well and believe we can compete in effectively.”

Maureen Owen added:
“As part of our commitment to commercial expansion, we’ve invested substantially in people, providing brokers with direct access to experienced commercial underwriters, through our regional offices. We’re now pleased to offer this new Fleet product, that has been developed in close collaboration with our brokers in response to market demand. This is an important development that will help our brokers to compete and help us achieve sustainable profitable growth.”

The new Fleet product will be supported by the Covéa Insurance award winning motor claims service, which has been independently accredited as ‘world class’ by the Institute of Customer Service.

 

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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 17.4 billion Euros in premiums in 2019.  

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 were named as the Best Place to Work in Digital (Large Organisations) at the Digital Technology Leaders Awards.  They were also recipients of the Staff Empowerment Award at the Diversity & Inclusion in Insurance Awards, and the High Net Worth Product of the Year Award at the Insurance Times Awards.  They also received the Diversity Award at the British Insurance Awards.  They are currently shortlisted for 4 Insurance Times Awards.

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