Covéa Insurance launches new Fleet product

16th December

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 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.  It has Gold Investors in People accreditation and has been named one of the top 75 employers in West Yorkshire & the Humber.

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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