Strategic trading partnership announced between Covéa Insurance and Insureit UK

31st March

Covéa Insurance and Insureit UK Ltd have announced a significant new strategic trading partnership, starting with the launch of a new Commercial Combined product on 1st April 2014. Covéa Insurance will become the sole underwriter for all new commercial combined policies, including renewals, on the Insureit UK e-trading platform.

Insureit UK provides an online electronic trading platform for regulated and authorised agents/sub-brokers which delivers flexibility to underwriters and brokers in an intuitive automated manner.

Speaking about the development, Insureit UK Director, Richard Cox, said:

“We are excited about partnering with an insurer who shares our vision and strategy for e- trading and with whom we can build a long term relationship and enhance our proposition”

Tim Grant, Micro SME Leader at Covéa Insurance said:

“We are delighted to be working with Insureit. This ties in with our strategy of expanding our presence and growing profitable business within the Micro SME market, so it’s an ideal fit.”

 

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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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