MMA Insurance UK Expands Commercial Auto Coverage

The UK’s auto (motor) insurance market is extremely competitive, and over the past few years usually unprofitable. As a result a number of insurers are reducing capacity and/or contracting their distribution for Motor Trade business.

However, MMA Insurance, the UK operating branch of French insurer MMA IARD Assurances Mutuelles, is expanding its commercial coverage with the introduction of a “Motor Trade Combined product.”

MMA said the new product “offers cover on a comprehensive road risks basis and includes material damage, business interruption, combined liability, goods in transit, money and assault.” It also includes the option to include engineering, legal expenses, loss of MOT license and equipment breakdown.

To promote the introduction MMA is offering the first 500 policyholders “their own MMA DNA+ forensic coding pack free of charge. The product can be used to mark vehicles and other valuable items, thus providing irrefutable proof of ownership for traders in the event of a theft. DNA+ warning labels, which can be displayed on the motor traders’ premises, also act as a significant deterrent to thieves.”

MMA’s Director, Commercial Underwriting, Paul Hodgson explained: “The decision to launch our Motor Trade Combined product comes as a direct result of broker feedback and demand. Our product offers highly competitive, market-leading cover for its target customers.

“The launch of Motor Trade Combined builds on MMA’s longstanding position as a leading insurer in this sector through our Road and Internal Risks and Motor Serv products. The new product will be a bespoke proposition underwritten through our seven regional offices, further strengthening our capability for combined business.”

Source: MMA Insurance plc

Topics Auto Commercial Lines Business Insurance