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 16.3 billion Euros in premiums in 2017.  

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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