6th Desember 2008 - RIAS is pleased to unveil an exciting addition to its motor insurance product range: the Excess Protection Policy.
This policy, one of the first of its kind being made available to the UK motor insurance market, will be sold to customers as an additional benefit when taking out a motor insurance policy with RIAS. It is designed to reimburse customers for their excess payment in the event of them having to make a claim. The extra cost is very small, working out at a little over 25p per week, but the benefit is great, especially for those who are over 50 and on a fixed income or tight budget. It means customers need not be left out of pocket if a claim is necessary – even if the fault is theirs – and with excess amounts on some policies of up to £300, this protection represents real value for money as well as peace of mind.
About RIAS
- RIAS was established in 1992 and is a specialist provider of insurance products for the over 50s age group
- RIAS negotiates with a panel of insurers to secure competitive, value for money products
- RIAS has over 970,000 customers and employs over 1,100 people across two locations - Bournemouth and Belfast
- In December 2007 RIAS won the ‘Personal Lines Broker of the year’ award at the Insurance Times awards
- RIAS was ranked 2nd in the 2008 Auto Express Driver Power Survey on motor insurance and was rated best for claims payout
- In August 2008 RIAS was awarded 2nd place by Which? magazine for http://www.rias.co.uk/
- RIAS received a Commendation at the 2008 CCF European Call Centre awards in the ‘best people practice’ category
- RIAS was Highly Commended at the 2008 UK Broker Awards in the ‘Intermediary of the Year’ category
Insuring in excess of 6.7 million customers and working with a range of partners, Fortis is recognised for delivering consistent and high-quality customer experiences. It employs 2,901 people as of 31/12/07 with a head office based in Eastleigh and others in Belfast, Bournemouth, Gloucester, Haywards Heath, Redditch, and Stoke-on-Trent. In 2007, its profit before tax and interest (excluding impact of weather related events) was £92.2 million and its GWP was 757.8 million.
