Age Partnership partners with Cavere Intermediary to offer home and travel insurance – Mortgage Finance Gazette
Equity release specialist, Age Partnership, has signed a deal with the new general insurance provider, Cavere Intermediary, following its official launch last month.
In partnership with Cavere Intermediary, Age Partnership has launched its own branded Home and Multi-Trip Travel Insurance policies for the under 75s, direct to consumers.
Cavere Intermediary has designed and will fully manage the bespoke white-labelled insurance portal hosted on the Age Partnership website. Cavere Intermediary will administer the policies from end-to-end and manage the claims and back office requirements, using its cutting-edge proprietary Magenta technology.
Steve Dicks, head of insurance at Age Partnership, commented: “Cavere Intermediary is positively disrupting the GI market – their insurtech approach injects much needed innovation and efficiency into the process and we’re delighted to be launching our direct to consumer offering with them.
“Being able to offer home and multi-trip travel insurance for up to 75 year olds is unusual and important for our customers, when the industry standard is just 65. We’re really excited by the potential to deliver a better customer experience for improved brand loyalty and customer retention.”
Launched in January, Cavere Intermediary provides brokers and intermediaries with premium general insurance products. Its product range currently includes home insurance, landlords’ and tenants’ insurance, personal accident, travel and non-standard insurance cover.
Paul Thompson, managing director at Cavere Intermediary, said: “At a time when customer loyalty is vital, the focus of Cavere is to work in partnership with intermediaries to ensure they drive loyalty by getting right first time solutions for each customer and their individual needs and risks.
“It combines best in class insurance products and underwriting with advanced technology to deliver consumers, and intermediaries placing insurance for their clients, with smooth transactions, streamlined quotations, slick policy administration, and ultimately better experiences and outcomes.”
By Joanne Atkin, 5th March 2019