Arc Legal has further strengthened its position in the household legal expenses market following a significant deal with Insure4Retirement, specialist insurance provider for the over 50s.
The deal, worth a six figure sum, represents one of Arc Legal’s largest contracts and will see the firm’s share of the UK household ‘add on’ legal expenses market increase to around 30%.
Arc Legal is providing its Family Legal Protection insurance with cover for personal injury, contractual and property disputes and employment matters including unfair dismissals. In a unique development, Insure4Retirement customers will, if they wish, be able to use their own solicitor to represent them from the outset once a claim is accepted.
Richard Finan, Director of Arc Legal said: “The growth in our family legal protection business reflects the ability of our flexible and efficient business model to deliver competitive, sustainably priced comprehensive cover whilst others in the market are being forced to drive through rate increases or look to abandon the low cost ‘add on’ model altogether. This partnership with Insure4Retirement not only strengthens our market position but also demonstrates the continuing relevance of add-on legal expenses insurance in the UK market.”
Commenting on the selection of Arc Legal, David Holden, Managing Director of Insure4Retirement, said: “The customer experience is at the core of our business so providing policyholders with relevant products and services that not only meet their needs but, also offer peace of mind, is important to us. This Arc Legal arrangement has allowed us to improve the products’ benefits for policyholders whilst maintaining prices.
“Arc Legal recognises the importance of going beyond an off-the-shelf solution to reflect the needs of different customer groups and this, together with their proven track record in the add-on legal expenses sector, make them an important partner in supporting our customers.”
In addition to its Family Legal Protection insurance, Arc Legal is providing Personal ID Theft cover and access to its comprehensive online legal documents service called Law Assistance, together with an extensive range of helpline services.
Source : Arc Legal
