LONDON, Dec. 16, 2010 /PRNewswire/ -- Towergate Insurance announced today that it has won a long-term contract with leading price comparison website, comparethemarket.com to provide insurance to their SME customers.
The deal provides Towergate with leads for SME business from comparethemarket.com for lines including Commercial package, Liability, Commercial & Let Property, Restaurants, Surgeries and Offices.
Business will be handled by Towergate's specialist commercial unit, Your Insurance, under Managing Director Robert Rees, who has ambitious growth plans.
The deal is in line with significant investment by Towergate Insurance to enhance its capability to deal with high volume VSME business. Developments include a bespoke market leading e-technology solution, a pro-active contact centre to support customers through the buying and servicing process and increased insurer panel products backed up by the comprehensive underwriting footprint of Towergate.
Towergate Group Deputy CEO, Amanda Blanc, commented:
"This is an exciting step in moving forwards with a very clear and defined VSME strategy based on ambitions to reach a GWP target of 100m pounds Sterling in this space over the next few years. Buyer behaviour and distribution is ever changing and we like to set the trend. We believe this deal will illustrate that technology and other perceived threats to brokers can be embraced. Our pro-active contact centre will bring personal broking service to an online audience."
Jeremy Moll, Commercial Director for comparethemarket.com, said, "By working with Towergate Insurance, we are confident that our SME customers will be given a buying experience in line with our own high expectations, providing choice, flexibility and great customer service."
YOUR Insurance are small to medium-sized business insurance experts providing insurance policies via a panel of market leading insurers such as NIG, Towergate, Zurich, Fortis, Groupama and LV=. Policies cover over 500 trade professions including electricians, plumbers, carpenters and driving instructors through to niche professions such as tree surgeons.
YOUR Insurance is part of Towergate Underwriting Group Limited, Europe's largest independently owned insurance broker. Towergate has access to a range of over 200 specialist insurance products - the widest in the UK market.
- comparethemarket.com was launched in 2006 as a cheap car insurance comparison site, offering customers a wide range of competitively priced insurance quotes instantly online. It is now one of the UK's leading price comparison brands.
- As well as insurance, comparethemarket.com now also offers comparisons on credit cards, loans, current accounts and savings accounts.
- comparethemarket.com actively selects its brand partners to ensure quality service to consumers.