New Commercial Vehicle policy to attract ‘white van man’
4th December 2017
Covéa Insurance is today re-launching its Commercial Vehicle (CV) product designed for tradespeople driving vans – commonly referred to as ‘white van man’. The new product, branded “Your Van”, has enhanced policy features and increased cover limits as well as a refreshed and simplified policy wording. The company’s aim is to create an appealing and competitive proposition for brokers that meets the needs of today’s commercial vehicle drivers.
The launch also coincides with the company’s decision to widen availability of its CV product. Boosted by its strong performance, and an upgraded product proposition, Covéa Insurance believes conditions are now ideal for extending the availability of its CV product to an increased number of brokers. As a result, the company will be implementing a phased broker distribution in the coming months.
Sue Coffey, Director of Personal Lines Distribution and Underwriting comments;
“Contrary to what many people may say about the ‘white van man’ our experience shows that commercial vehicle is a motor insurance market with a solid performance. In terms of strategic fit, our refreshed commercial vehicle product complements our private car and small business products, offering plenty of scope for cross-selling, especially with the product enhancements we’ve made."
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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.
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