AIG-backed Azur launches new car insurance offering
Azur, a managing digital agent (MDA) specialising in the UK’s high net worth insurance market, has launched a new insurance product designed for car collectors.
Azur's new Collector Car product, underwritten by AIG, will provide enhanced cover for owners of both classic and modern collectibles kept for a hobby or investment.
“Brokers know that for many collectors these are more than just cars. Collector Car offers investors and lovers of collectible cars a genuinely comprehensive cover for these prized possessions," said John Montgomery, product manager at Azur. "It is about giving owners confidence that they have the right cover, and we do this through the range of features we have designed into this new product."
“The classic car market is an area with real demand for a more streamlined and comprehensive approach to insurance. Added-value products like this enable brokers to offer more focused, tailored policies to meet client requirements; they are an integral part of our long-term business strategy. Azur will be bringing further innovative products, underpinned by our technology platform, in the months ahead,” he added.
Ian Davies, EMEA head of personal property insurance at AIG, said: “We are excited to see the launch of this new Classic Car product offering which complements the existing suite of Private Client products underwritten by AIG in partnership with Azur.
"This represents the first of a pipeline of new product offerings that Azur will bring to market, combining market leading underwriting experience and capacity with digital technology solutions, and it reaffirms our long-term partnership and commitment to growing market share in the UK Private Client market.”
Join us at Intelligent Automation in Insurance - London 2018. Book Now
More of today's news
Investors reveal $2.7bn AmTrust deal to take it private AIG appoints global COO general insurance, new chief auditor Validus launches fintech policy to close coverage gap XL Catlin swoops for AXA exec to boost broker management Australian terror reinsurance pool increases private retro participation
Don't miss our insurtech email newsletter - sign up today
