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

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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