Covéa Insurance successfully launches its direct motor proposition

10th Februarys

Covéa Insurance is delighted to confirm the successful launch of its direct motor insurance offering, under the company’s Provident Insurance brand. Launched initially with Confused.com, the proposition has been built on the company’s proven expertise in pricing, underwriting, claims and service excellence.

Carol Geldard, Retail Distribution Director said:

“Ever increasing numbers of consumers are choosing to research and buy their motor insurance online and our proposition has been specifically tailored for that market. Our investment in creating a direct business is about ensuring that we maintain our position as a successful motor insurer. Having a direct route to market will materially add to our access to data and insight, which will ultimately enhance our overall motor proposition across all our distribution channels”.

 

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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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