The performance of Keychoice members has once more been recognised by Ageas with the introduction of enhanced terms and rating concessions on their commercial vehicle products and Keychoice’s BEDS household scheme. This move builds on a similar decision in early 2012 when Ageas introduced a rating concession for the first time on the Keychoice Bedroom household scheme in recognition of the overall record of the membership base.
This further enhancement reflects the strong characteristics of the Keychoice account. Commenting on the decision, Mark Cliff, managing director of Ageas Insurance, said: “Much has been made of the value of networks recently, but the performance of our Keychoice book shows that a real partnership can deliver tangible benefits to all parties.
“Keychoice provides access to a significant percentage of the intermediated channel and these brokers have a consistent record of writing good quality, profitable business.”
Jonathan Davey, managing director of Keychoice added: “This is great news for our members and builds on our one stop shop proposition focused on delivering competitive, quality products to brokers, allowing them to remain competitive in what is still a very difficult market.
“Ageas’s decision is testament to the fact that by working closely with members and insurers, networks really can deliver value to all concerned.”
The enhancements to the Keychoice household scheme are available immediately, with the commercial vehicle enhancements following on 1 April.
