The UK underwriting business of French mutual insurance group Covéa has given its commercial lines proposition a boost.
Covéa Insurance has rolled out an all-risks commercial combined product designed to be traded electronically either via Acturis or through the insurer’s extranet site. The e-trade offering comes following last year’s launch of a business combined insurance product.
Features include modularity, which allows up to 15 optional sections of cover, as well as the addition of cyber protection. For slightly more complex risks, brokers are afforded a 60-minute referral response time plus the added support of a webchat facility.
“We wanted to offer brokers a comprehensive suite of covers on an e-traded platform but with a product that could be completely tailored to client’s requirements, giving them exactly the level of cover they need, when they need it, without paying for unnecessary cover,” noted commercial lines & HNW (high net worth) director Carolyn Callan.
According to Callan, the final proposition was shaped with the help of “invaluable feedback” from brokers during the offering’s pilot period.
She added: “We are excited to launch it to our full broker panel, knowing that our products are backed by an award-winning claims service and dedicated teams committed to putting brokers and their customers at the heart of everything we do.”