Santander Consumer Finance’s dealer
partners are being offered new insurance products from the motor
insurance company, RAC.
Lloyd’s insurer Jubilee has been appointed
as the underwriter for the range of products which includes
combined tyre and alloy wheel protection and a minor accidental
damage cover.
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The scheme – designed to provide smaller
dealerships with insurance cover – will be targeted through
Santander Consumer Finance’s 3,000 dealer partners and will be sold
alongside finance packages and car sales.
The project is also hoped to help dealers
increase customer retention at, and after, point of sale.
Kerry Michael, commercial director of the
RAC, said: “These products are the first of a number we will be
launching designed to offer enhanced levels of support”.
Philip Pearce, affinity and special risks,
underwriter, Jubilee Syndicate 5820 at Lloyd’s said: “As the first
in a suite of products with the RAC we are looking forward to
building on this initial scheme with other relevant products.”
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By GlobalDataThe move by Santander Consumer Finance
follows that of
Black Horse, the motor finance arm of Lloyds Banking Group,
which launched its insurance product, DriveSure earlier this
year.
