Industry first ‘joint venture’ sees the two players combine to deliver online, fuss-free motor insurance
In partnership with Covéa, BGL Insurance (BGLi), has (1 December 2022) announced the launch of nutshell. The new motor insurance brand for UK drivers promises to shake up the motor market with online, fuss-free cover.
With strong product features included as standard, such as uninsured driver protection, free Motor Legal cover and zero admin fees, the comprehensive, digital-first, insurance product aims to challenge the status quo, while significantly extending the customer reach of both businesses. In creating the new motor insurance proposition, the exclusive long-term ‘joint venture’ has combined the very best skills from both sides, specifically Covéa’s underwriting and claims management expertise, alongside BGLi’s pricing, customer service, digital distribution and tech capabilities.
Peter Thompson, Chief Executive Officer of BGL Insurance, said: “We know that consumers today are both time restricted and cost conscious and so we’ve taken these heavily into account when developing our new nutshell brand. In a market that is ripe for innovation, I’m confident that this new proposition will deliver significant benefits for both motorists and our businesses as we look to meet and exceed the ever-evolving expectations of our customers.”
Sue Coffey, Director of Personal Lines Distribution & Underwriting at Covéa, added: “We are delighted to announce this exciting partnership with BGL Insurance, an organisation that has a track record in delivering great customer service and one that we have worked with for many years. With this initiative, we capture the best elements of each of our strengths and in a market that can often be perceived as transactional, our combined offering via nutshell will give customers access to a new and innovative proposition that I am confident will go from strength to strength.”