Volvo Car UK has awarded Verex a new, long-term contract for the provision of Volvo Car Insurance (VCI) dealer driveaway and annual insurance services.
The extended contract builds on a successful partnership which has seen Verex manage the scheme since 2016.
Verex provides all Volvo Car UK new and Selekt used car customers with free five-day driveaway cover and an annual insurance quote. Customers also receive a free annual Excess Return voucher which reimburses up to £250 of a customer’s insurance excess, irrespective of their insurer, when they choose a Volvo approved repair.
The VCI policy is underwritten by Verex’s specially selected panel of insurers and provides customers with the guarantee of a repair at a Volvo Approved Bodyshop, using Volvo Genuine Parts.
Selwyn Cooper, head of financial services for Volvo Car UK, said: “We have a very strong partnership with Verex and look forward to its continuation. Their dedication to manufacturer affinity insurance means they are the ideal provider for Volvo Car UK, our retailers, approved repairers and customers. This has been very important to ensure that the insurance scheme delivers our objectives of driving incremental profit opportunities, parts sales and increasing customer retention.”
Andrew Long, managing director of Verex Group, commented: “We are delighted to have been awarded this contract extension and look forward to building on the strong foundations of the last three years. We are proud to be partners of Volvo UK at a time when they are experiencing very positive sales growth, supported by an exciting new model range.”