2 November 2018 Insurance

MGA Pukka Insure launches private car offering backed by QIC Europe

Gibraltar based MGA, Pukka Insure has launched a new private car offering backed by QIC Europe.

The company said the move signifies the next milestone in its strategic long0term plans to diversify the business it underwrites and add to the existing commercial vehicle account.

Sam White, chairman and founder, of Pukka Insure, said: “We’ve made absolutely no secret of our plans to move into Private Car, I’m delighted that we are now within a few days of going live. Since our launch in May 2016, we have invested a significant amount of resources into our Commercial Vehicle offering and we’ve learnt so much, we now feel that we’re in a very favourable starting position for Private Car. The plan is for Private Car to become the largest proportion of our GWP and in developing this line of business, we will be paving the way for future lines such as Home and SME in 2019.”

The new offering will be led by James Blake. He said: “Our learnings from Commercial Vehicle make moving into Private Car the most logical natural step in the business’s progression. We have invested, and will continue to do so, in recruiting the best people and the latest software.

“As a business we have collectively embraced a wide range of the new technologies available allowing us to offer our customers the best possible insurance solution for their needs. We are strategically putting systems in place to ensure we can merge insurtech ingenuity with robust and secure methodology of a traditional and proven insurer, aiming to give both our customers and our partners the best of both worlds.”

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