Ageas (UK) Limited

Ageas House, Hampshire Corporate Park Templars Way, Eastleigh Hampshire, SO53 3YA
02380 644455
https://www.ageasbroker.co.uk/
  • About Ageas

    Ageas is an international insurance group ranked among the top 20 insurance companies in Europe with a heritage spanning more than 180 years. Here in the UK, we offer a broad range of Personal and Commercial insurance solutions including niche and non-standard cover and we’re focused on working with you to create a package that’s right for you and your customers. Coupled with our strong reputation for our award-winning1 in-house claims service, our commitment to product development, innovative underwriting and competitive pricing are key elements of our proposition. This is evidenced by 18 industry recognised awards won in 2013 alone, as well as being the 2nd largest private car insurer in the UK by volume2.

    1. Post Claims Awards 2014 and Insurance Times Claims Excellence Awards 2014

    2 AM Best database of UK based insurance companies submitting FSA returns (FY 2012) by volume, includes internal analysis to include overseas returns

  • Ageas Credit Ratings
    A+ ‘Strong’ Insurer Financial Strength (IFS) rating by Fitch, with a ‘Stable’ outlook, A- with a positive outlook rating by S&P

CEO Andy Watson comments on what Ageas hopes to see in the Chancellor’s Autumn Budget

Money

Pre statement
 
Andy Watson, CEO Ageas UK comments on what the insurer hopes to see in the Chancellor’s Autumn Budget next Wednesday:
 
Further investment in road safety
 
“As the third largest UK motor insurer, Ageas is committed to improving the safety of Britain’s roads for the benefit of all road users.
 
“In 2016, we welcomed the Government’s Safer Roads Fund, which saw £175m allocated to tackling a portfolio of the 50 most dangerous roads in England. Improving our road infrastructure is important for road users and the economy. For every pound spent on improving the safety of roads, the economy saves £3 or more through stopping serious crashes and avoiding the need to pay for costs such as health and long term care.
 
“With the Road Safety Foundation’s annual assessment of Britain’s roads due out next week, supported by Ageas, we’re calling for the Safer Roads Fund to be increased. When lifetime care for a single road traffic crash victim costs more than £20 million, the economic and social benefits of tackling the outstanding 6,111km of high risk roads are obvious.”
 
Insurance Premium Tax
 
“At a time when customers are paying more for their car insurance as a consequence of changes to the personal injury discount rate made by the Government earlier this year, further increases to Insurance Premium Tax (IPT) would simply serve to be another blow to honest and hard-working people.
 
“Any further increases over and above the recent increases from 6%  to 12% will mean that customers have to find extra money for mandatory insurance entirely as a result of government policies and at a time of increased interest rates. Those already paying the most will continue to be hardest hit.”