Cavere will distribute the product to the intermediary market via its new technology platform, Magenta. The system allows the IFA or broker to complete applications online with contract certainty and customers can tailor the product to their individual requirements.
In addition to providing flexible cover to the end customer, Cavere will wholesale the product on a net rated basis to intermediaries allowing them to develop their own pricing and marketing strategy in their chosen brand if required.
Paul Thompson, managing director of Cavere, said: “I am delighted to be working with Ageas as we launch our first product to market. The combination of Ageas’ expertise in underwriting and rating, together with the efficiency and flexibility of the Magenta platform creates a great and unique proposition for us in the market.
“Feedback from intermediaries has been very supportive and I look forward to working with Ageas in the coming months and years.”
Mark Cliff, managing director at Ageas Insurance, added: “The decision to partner with Cavere is very much in line with our strategy to support the intermediary market, by ensuring our products are easily and widely accessible online to our brokers.
“Cavere has an excellent track record and expertise in this space and the technology platform they have developed is amongst the best we have seen in the market. We have every confidence that the partnership will deliver considerable benefits to our clients and we are very pleased to be working with Cavere.”