ILC ARTICLE

Nutshell joins UK motor insurance market

6th December 2022

Personal lines insurer BGL Insurance (BGLi) has announced a new digital-first motor insurance brand in the UK.

Launched in partnership with Covéa, nutshell includes uninsured driver protection, free motor legal cover and zero admin fees.

The move signifies an exclusive long-term joint venture combining Covéa’s underwriting and claims management expertise with BGLi’s pricing, customer service, digital distribution and tech capabilities.

Peter Thompson, Chief Executive Officer of BGL Insurance, said, “We know that consumers today are both time restricted and cost conscious and so we’ve taken these heavily into account when developing our new nutshell brand. In a market that is ripe for innovation, I’m confident that this new proposition will deliver significant benefits for both motorists and our businesses as we look to meet and exceed the ever-evolving expectations of our customers.”

Sue Coffey, Director of Personal Lines Distribution & Underwriting at Covéa, added: “With this initiative, we capture the best elements of each of our strengths and in a market that can often be perceived as transactional, our combined offering via nutshell will give customers access to a new and innovative proposition that I am confident will go from strength to strength.”