Drivers in the British isles will soon be offered another option for their automobile coverage following the announcement by Egg, the U.K.’s biggest online bank, that it will begin offering automobile policies through its Internet portal.
Egg’s principal shareholder, Prudential Plc, which recently sold part of its interest in an IPO, hopes to create an online supermarket, which would include a range of banking, insurance and financial services.
The actual policies will be written by nine companies, including Prudential itself, Norwich Union and Royal & Sun Alliance. The site plans to attract customers by offering significant rebates on renewal quotes.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
How Insurers Know When It’s Time to Scale AI 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Intersecting Risks and the Future of Construction Insurance 
