Covéa Insurance has landed on the Uinsure Adviser Platform, joining the likes of AXA, Ageas, and UK General.
This brings the total insurers on its Home Insurance product to seven.
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Covéa has over 60 years trading experience and over 2.1 million policyholders in the UK.
Furthermore, Uinsure will now also recognise up to nine years no claims discount on both buildings and contents cover. This expands from the previous maximum of five years.
Martin Schulthiess, chief commercial officer at Uinsure, commented: “We’re really pleased to welcome Covéa Insurance to Uinsure’s Adviser Platform. Covéa will help us to deliver even more competitively priced, 5 star rated home insurance to customers, across a much wider range of property risks.
“The addition of Covéa Insurance supports our mission to grow intermediary distribution of home insurance across the UK by equipping advisers to deliver against the needs of their customers. We believe that our focus on premium value, quality of cover and exceptional customer experience enabled by Uinsure’s technology capability, gives intermediaries a clear differentiator that is hard to match elsewhere.”
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By GlobalDataSue Coffey, director, personal lines distribution at Covéa Insurance, added: “We are delighted to be joining Uinsure’s Adviser Platform; working in partnership to expand our footprint and write value-adding business in the home market. Uinsure are well established and recognised as a market leading Insurtech, dealing exclusively with IFAs and mortgage brokers. Growing in this market aligns with the Covéa Insurance strategy and we look forward to working with the Uinsure team.”
2020 was busy for Uinsure so far as it launched its online non-standard product, reduced its eligibility question set and worked on improving its mobile phone cover. It also added Zurich to its panel of insurers and launched a dual initiative to support mortgage advisers and their clients during the Covid-19 pandemic.
They are focused on two years commission upfront for advisers and paying policy cancellation fees for clients.
Two Years Commission upfront is designed to help advisers’ cashflow, allowing them to receive the first two years of their commission for new Uinsure GI policies upfront. In the third year of the policy, it reverts back to the normal commission arrangement.
