Volkswagen Financial Services (UK) has announced the selection of Ageas UK as its motor insurance partner to cover the Volkswagen, Audi, SKODA, SEAT and Volkswagen Commercial brands.
The new partnership commenced in April 2015. The product is underwritten by Ageas and a panel of insurers and will be managed and administered by Ageas Retail. The insurance partnership also complements Volkswagen "Ensurance"; the accident and repair cover provided by UK General (and also underwritten by Ageas). Volkswagen FS also partners with the AA for motor breakdown and MAPFRE for its Gap Insurance cover.
Ageas has had considerable success in recent years with motor manufacturers and continues to work with Vauxhall and Toyota. The loss of the Volkswagen partnership is a significant one for Allianz, although it continues to work with Ford and BMW in this market sector.