Coversure Insurance - Motor Insurance

Coversure Insurance - 1998 Winner Best Broker/Intermediary Use of Technology

Coversure Insurance Services is a leading franchise intermediary with 47 offices throughout the UK writing premium income of over £20 million. 'Their first office opened in 1986, the first Insurance consultancy fully computerised from day one. Coversure have always been innovative with their use of technology, and today have their own computer system that is very different to any other available. Coversure Insurance use the Internet not only to give on-line quotations but also to conduct EDI. They connect their offices to a central system and even allow insurers access to share information. Two years ago Coversure decided that they wanted to develop a system that they controlled and formed a partnership with DataMatters, a technology company who provide unique solutions for the insurance industry.

Coversure' s aim of linking their branches to a central system was soon achieved, allowing offices to run with a minimum of equipment and capital cost. A franchise branch only needs a few dumb terminals and a laser printer. The central system is robust, handles many branches and is able to provide swift quotations. Today their system can give over one hundred users a motor quotation with all insurers for all covers in less than three seconds.

Their Internet site allows net-surfers to have on-line quotations for Motor, Home and Travel insurance. DataMatters have a great deal of Internet experience and one of their first proposals was to EDI to insurers via the Net. This method has proved to be secure and very low cost; as all transmissions are free.

Having a central system has allowed Coversure to develop an internal email facility. Franchise offices communicate freely to each other saving both telephone and mail costs. An outsourced Claimsline accesses the system 24 hours a day, 365 days a year. With just one system to develop, their quote engine can respond immediately to underwriters, allowing questions to be added and changed quickly. Coversure are now developing new styles of products because of this, including a lifestyle driven commercial vehicle package.

Insurers can access the Coversure system and view underwriting information in real time. They can look at client profiles, compile statistical reports and check and amend their rates. Coversure feels that this interaction will lead to new styles of underwriting being developed far faster than conventional systems would allow.

Chairman Mark Coverdale, says "We have come a long way in a short time and are very excited about the way the system is developing."

Coversure Insurance - Insurers

Coversure are a franchised group of independent intermediaries who arrange insurance on behalf of its clients with a range of UK authorised insurers and Lloyds syndicates. All Coversure offices agree to abide by the Association of British Insurers (ABI) Code of Practice.

Coversure Insurance - Buying On Line

Coversure offices are able to place private motor car insurance with a panel of UK authorised insurers who are members of the Association of British Insurers or Lloyd's syndicates. Only a few of Coversure Insurance's panel of insurers are represented on their interactive quotation service, however they cover the majority of risks and are usually competitive.

If however you are unable to obtain a suitable quotation, call Coversure Insurance office during normal hours for a bespoke quotation.

http://www.coversure.co.uk