Network members will get discount on insurer’s open-market rates
LV= Broker has signed a deal to sell its ABC home insurance product through technology firm SSP’s Keychoice broker network.
LV= Broker is the part of insurer LV= that sells its products through brokers.
Keychoice members selling the product will be able to offer an exclusive rating discount to LV= Broker’s standard open-market rates for ABC.
ABC standard cover
ABC provides up to £1m of buildings cover and up to £150,000 contents cover as standard.
LV= Broker personal lines director Michael Lawrence said: “Keychoice is one of the largest networks in the UK, and this partnership will enable us to expand our distribution to more independent brokers.
“Keychoice members have a great track record for writing good-quality, profitable business and we look forward to working with them.”
Network value
Keychoice head of insurer and business partner relationships Kate Mutter-Bowen added: “The value of networks has been questioned recently, but this demonstrates that, with the right approach, they can deliver value to all parties.
“This relationship provides our members with access to another value-for-money household product, and is another key step in the development of our one-stop-shop proposition.”
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