*new* Home Cyber cover as standard for Executive Plus customers

6th November

Covéa Insurance has become one of the first UK insurers to offer cyber cover as standard for its High Net Worth customers.

From 1st November, brokers will be able access the insurer’s refreshed Executive Plus product and take advantage of automatic Home Cyber cover up to £100,000, as well as a range of increased limits and covers and new policy documents redesigned using the principles of behavioural economics to make them simpler for customers.

The Executive Plus product’s standout Home Cyber feature will provide cover for connected home devices, losses associated with cyber-crime and identity theft, cyber liability and cyber bullying all supported by a panel of experts from forensic accountants to cyber adjusters.

After speaking with its brokers, Covéa Insurance identified an increased demand for specific cyber cover for the home in response to the massive financial and reputational damages that could arise as result of a cyber-attack.   

Alison Colver, National HNW Underwriting Manager commented;

HNW customers are early adopters of connected technologies, and with their vast financial resources, are fast becoming a target for cyber criminals seeking to take advantage of connected gadgets.  Our brokers have told us that cyber is a key concern amongst their customers and we have developed a product in response that is designed to fully meet these emerging challenges.  Our customers can be sure of excellent cyber cover for a wide range of scenarios supported by experts in cyber loss and a market-leading claims proposition to ensure that if the worst does happen, we’ll be ready to help put it right quickly for the customer.”

 

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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. 

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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