Legal & General launches home insurance partnership with The Co-operative Bank

Michael Lloyd

May 9, 2018

Legal & General’s general insurance business is partnering with The Co-operative Bank to offer a range of competitive home insurance products. 

This means Legal & General is offering its household products and utilising the SmartQuote quote facility for Co-operative Bank customers through the bank’s website and also a telephone service.

Legal & General’s SmartQuote gives customers a quote in 90 seconds for buildings and/or contents cover, with no form-filling, using data and technology to underwrite the risk and enhance the customer experience.

This is the first time the SmartQuote technology has been available through a partnership and until now was only available to direct customers of Legal & General.

Cheryl Agius, chief executive of general insurance for Legal & General, said, “We are delighted that we have secured this new partnership with The Co-operative Bank. Consumers are increasingly purchasing services on their phone and the retail sector is well advanced in the mobile market.

“Consumers want to buy insurance quickly and easily and our new SmartQuote technology allows customers to obtain a quote for the cover on their phone or direct in seconds.

“We look forward to working together with The Co-operative Bank to continue to evolve this customer centric  proposition now and for the future.”

Paul Norcott, head of mortgages and insurance at the Co-operative Bank, said: “We are pleased to be offering Legal & General’s SmartQuote general insurance products to our customers.

“This leading technology from an award winning insurer is a great opportunity for our customers to get their home insurance policy quickly and easily.

“The Co-op Bank already works with Legal & General to introduce protection insurance policies to our customers via our website and also has a solution for lifetime mortgages in place, and we believe this latest venture will be as well received by our customers.”

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