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
Covéa Insurance Plc is the UK underwriting business of leading French mutual insurance group Covéa (which includes the global reinsurer PartnerRe since July 2022).
Covéa Insurance looks after the insurance needs of UK customers, across a range of product lines; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa.
Covéa Insurance has a strong people and service ethos and 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. In 2022 Covéa Insurance was named Insurer of the Year at the British Claims Awards and Personal Lines Insurer of the Year at the Insurance Times Awards.
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