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 and served 11.5 million policyholders, generating over 16.3 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 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, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. 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.

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