Covéa Insurance and BGL Insurance team up to offer motor cover

Insurer Covéa Insurance has joined forces with digital personal lines distributor BGL Insurance (BGLI) to launch a new UK motor insurance brand.

The new brand, Nutshell, promises “to shake up the motor market with online, fuss free cover” that includes features such as uninsured driver protection, free motor legal cover and no admin fees as standard.

The long-term joint venture aims to utilise Covéa Insurance’s underwriting and claims management expertise, while also tapping into BGLI’s pricing, customer service, digital distribution and technology capabilities.

The companies hope that the product partnership will enable both firms to extend their customer reach.

Delivering ‘significant benefits’

Peter Thompson, chief executive of BGLI, said: “We know that consumers today are both time restricted and cost conscious, 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 and underwriting at Covéa Insurance, 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.”