Wednesday, 29 May 2013

Volkswagen's partnership with UK General - a challenge to motor insurers?


UK General has announced a partnership with Volkswagen Financial Services to offer VW Group (including Seat and Skoda) customers its "Ensurance" product. The product provides access to VW Group approved repairers and genuine parts and paint. It is administered by Lawshield UK and underwritten by UK General on behalf of Ageas.  

The product was originally launched in 2011 and underwritten by Mapfre. The original product sold for up to £60 per year, but the new partnership with UK General provides it free of charge to VW Group customers for 3 years. 

Ensurance is one of a number of motor manufacturers' products which aim to provide a single point of contact in the event of a claim or theft. These products sit alongside a traditional motor insurance policy, but remove a degree of control from the motor insurer by directing repairs into the manufacturer's network and handling hire car and accident management provision. 

VW Group continues to work with Allianz for its standard motor insurance policy and Mapfre for GAP insurance. 

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