Axa Insurance Ireland as named Arc Legal Assistance as motor legal expenses insurance provider on all its motorbike policies and is offered on all policies, the majority of which are sold through broker Aon.
Arc said that the broker can now benefit from a “streamlined policy administration process with the motor bike cover and MLEI policy being sourced from Axa Ireland rather than dual providers as was previously the case”.
Paul Nolan, underwriting manager, AXA Ireland, said: “Legal expenses insurance has not, traditionally, been a common feature in the Irish motor market. But working with Arc Legal we have been able to provide relevant cover that gives us a valuable differentiator over our competitors.”
Richard Finan, director of Arc Legal, added: “AXA Ireland has used legal expenses insurance to strengthen its market leading position. We have worked closely with them to deliver a set of innovative products which have given them a clear unique selling proposition within their market.”
The company’s product is already being distributed by the other motorbike insurance broker in Ireland. Mr Finan identified the Irish market a significant growth area for Arc Legal, and added: “Our business model and approach to product development continues to flourish in the Irish market. Over the last two years we have seen a growing interest in our alternative proposition which is now delivering real results to insurers and brokers.”
