General Insurance Article - Ageas Shopkeeper customers scoop ‘gold' during Olympics

 
•   First insurer to launch exclusive Olympic retail terms
 
•   Free 25 per cent increase in stock sum insured for Ageas' ‘Shopkeepers' product

 Ageas has today announced new terms created for its Shopkeeper policyholders to prepare new and existing customers for the 2012 Olympics with a free 25 per cent increase in the stock sum insured for two weeks prior to the start of the Olympics (27 July 2012) until the end of the Paralympics (9 September 2012).

 Roy Watkinson, Ageas UK Head of Commercial Pricing and Underwriting commented: "The Olympic and Paralympic Games are forecasted to attract millions* of visitors to the designated sporting venues across Great Britain. Shopkeepers in these areas will no doubt be increasing their stock levels in preparation for the influx and will be looking for peace of mind that are adequately covered. By providing additional cover for this exceptional period, our brokers and their customers can be confident that we continue to respond to their evolving needs."

 The offer supports Ageas's strategy to work in partnership with brokers to widen its product base and to broaden its Commercial underwriting footprint across the Small and Medium Sized Enterprises (SME) market. In the third quarter of 2011, Ageas saw a 30.9% growth in Commercial lines GWP to GBP 156.7 million (Q3 2010: GBP 119.7 million).