Groupama Insurances is gearing up for potential growth in the commercial vehicle market by enhancing the cover available under its popular Optima Van policy.
The changes, which follow detailed product and customer research, underline, say the insurer, the ongoing commitment to develop highly competitive product offerings to serve the UK's small business sector.
Groupama said the updated product includes a range of valuable enhancements such as a dedicated 24 hour telephone claims service, full policy cover in the EU free of charge, a free replacement vehicle for 14 days whilst vehicle is being repaired, and cover for replacement vehicle locks.
These benefits it says are designed to widen the appeal of the product, giving brokers a stronger proposition to help them maximise the opportunities offered by this substantial market.
Cathie Bruce, Head of Proposition, Groupama Insurances, said: “Our research tells us that well over 80% of the commercial vehicle insurance market is controlled through brokers but served by relatively few insurers. We think that this offers us a real opportunity for profitable growth in an area where we have been traditionally strong.”
Optima Van is already available via Full Cycle EDI through most software houses making it widely accessible to brokers and intermediaries.
