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1<br />
2<br />Agenda<br /><ul><li>Introductions
Motor XS Protect
Fleet / Lease / Commercial XS Protect
Mis-fuelling Protect
Glass Protect
Theft Protect ®
Guaranteed Courtesy Vehicle ®  </li></li></ul><li>3<br />Nice 1 Limited<br /><ul><li>Appointed Representative of ITC Compl...
Regulated by the FSA
Created to develop innovative solutions for the insurance , automotive and fleet sectors</li></li></ul><li>4<br />Motor XS...
Policy is annual and is a one claim policy
We follow the insurer     </li></ul>        - If they pay out, We pay out<br /><ul><li>Simple, straightforward and easy to...
Depending on client profile, the policy may be self funding i.e. increased excess saves more than the cost of the policy. ...
Commercial Vehicle
Caravan & Motorhome
Motorcycle
Business Car
Driving Instructors
Minibus
Buildings & Contents
Tradesman Liability
Commercial Combined
Lifestyle XS Protect</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414...
6<br />Private Motor XS Protect<br /><ul><li>Refunds the customers excess in the event of any fault or non fault claim. Wi...
Non fault claims are paid should the policy holder not be able to recoup their excess from the fault party within 6 months.
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Nice 1 Selected Products August 2011

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Innovative Insurance Solutions For UK Insurance Brokers

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Nice 1 Selected Products August 2011

  1. 1. 1<br />
  2. 2. 2<br />Agenda<br /><ul><li>Introductions
  3. 3. Motor XS Protect
  4. 4. Fleet / Lease / Commercial XS Protect
  5. 5. Mis-fuelling Protect
  6. 6. Glass Protect
  7. 7. Theft Protect ®
  8. 8. Guaranteed Courtesy Vehicle ® </li></li></ul><li>3<br />Nice 1 Limited<br /><ul><li>Appointed Representative of ITC Compliance Limited
  9. 9. Regulated by the FSA
  10. 10. Created to develop innovative solutions for the insurance , automotive and fleet sectors</li></li></ul><li>4<br />Motor XS Protect<br /><ul><li>Protect your customer against having to pay the excess on a policy issued in their name, insured by a UK insurer and which is regulated by the FSA
  11. 11. Policy is annual and is a one claim policy
  12. 12. We follow the insurer </li></ul> - If they pay out, We pay out<br /><ul><li>Simple, straightforward and easy to understand
  13. 13. Depending on client profile, the policy may be self funding i.e. increased excess saves more than the cost of the policy. </li></li></ul><li>5<br />XS Protect is available for :-<br /><ul><li>Private Motor
  14. 14. Commercial Vehicle
  15. 15. Caravan & Motorhome
  16. 16. Motorcycle
  17. 17. Business Car
  18. 18. Driving Instructors
  19. 19. Minibus
  20. 20. Buildings & Contents
  21. 21. Tradesman Liability
  22. 22. Commercial Combined
  23. 23. Lifestyle XS Protect</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  24. 24. 6<br />Private Motor XS Protect<br /><ul><li>Refunds the customers excess in the event of any fault or non fault claim. Windscreen excesses are excluded.
  25. 25. Non fault claims are paid should the policy holder not be able to recoup their excess from the fault party within 6 months.
  26. 26. The policy covers private cars, motorbikes, owner/user taxis, driving instructors and motor homes.
  27. 27. Cover levels can be selected from £250 to £2000 per year.</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  28. 28. 7<br />Private Motor XS Protect:<br /><ul><li>These are for private motor only, covering all claims, fault and non fault.
  29. 29. Cover is annual in the aggregate
  30. 30. Annual limits of £250, £350, £500, £750 and £1,000 are available
  31. 31. Excludes windscreen claims
  32. 32. Covers SD&P and class 1 business use
  33. 33. No driver age restrictions
  34. 34. Includes cover for:
  35. 35. Driving instructors
  36. 36. Taxis (sole owner / user only)
  37. 37. Same rates & cover levels for </li></ul> motorcycle<br />Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  38. 38. 8<br />Commercial Vehicle XS Protect (<3.5 tonnes)<br /><ul><li>As private motor excess product but for commercial vehicles. This policy can cover vehicles up to 3.5tonne and fleets of up to 30 vehicles.
  39. 39. Cover levels can be selected from £250 to £2000 per year.
  40. 40. Net rates also available for CV > 3.5tonnes
  41. 41. Same rates & cover levels apply for Business Car / Minibus / Caravan & Motorhome
  42. 42. Fleet & Commercial combined rates are also available for up to 5, 10, 15 & 20 vehicles</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  43. 43. 9<br />Buildings and Contents Excess:<br /><ul><li>Buildings and contents excess protect covers any excess payable under the main buildings and contents insurance policy.</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  44. 44. 10<br />Tradesman Liability Excess Protect:<br />Tradesman Liability excess protect covers any excess payable under the tradesman liability insurance policy.<br />Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  45. 45. 11<br />Fleet / Lease / Commercial XS Protect:<br /><ul><li>Fleet allows vehicles to be bundled under one umbrella policy
  46. 46. Fleet policy is for all vehicles – no adverse selection
  47. 47. Commercial policy covers vehicles up to 44 tonnes
  48. 48. Covers all relevant categories of business motor insurance
  49. 49. Aggregate limit applies
  50. 50. Simple straight forward and easy to understand
  51. 51. Cover for up to 5, 10,15 with a limit of 20 vehicles
  52. 52. Net rates available on request</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  53. 53. 12<br />Commercial Combined XS Protect:<br /><ul><li>Covers any excess up to the annual aggregate limit
  54. 54. Commercial insurance products covered:</li></ul> - Material Damage<br /> - Business Interruption<br /> - Employers Liability<br /> - Public Liability<br /> - Product Liability<br /> - Contract Works<br /> - E & O Insurance<br /><ul><li>Limits available: £300 / £500 / £1,000 / £2,500
  55. 55. Aggregate limit applies in any one policy period
  56. 56. Net rates available on request</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  57. 57. 13<br />Lifestyle XS Protect:<br /><ul><li>An entirely new product. Its conception puts an end to clients’ fears of making claims on high-excess policies, by ensuring they will get their money back. Like Motor XS, there is very little small print in Lifestyle XS Protect.
  58. 58. In the event the insured has a valid claim that exceeds the policy excess, we will reimburse the total excess deducted by the insurance company once they have settled the claim. There is an annual aggregate limit which can be chosen by the customer when taking the policy out.
  59. 59. Aggregate amounts are variable £250 / £350 / £500 / £750 up to £2,500
  60. 60. These limits of indemnity can be bespoke to the needs of your customers.
  61. 61. The insured can claim as many times in the year as they want, yp to the aggregate limit.
  62. 62. Net rates available on request. </li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  63. 63. 14<br />Home<br /><ul><li>Buildings
  64. 64. Contents</li></ul>Lifestyle<br /><ul><li>Home
  65. 65. Motor
  66. 66. Pet
  67. 67. Travel
  68. 68. Private Medical</li></ul>Product Lines<br />Motor<br /><ul><li>Car
  69. 69. Van
  70. 70. Motor home
  71. 71. Caravan
  72. 72. Taxi
  73. 73. Driving School
  74. 74. Courier
  75. 75. Fleet (Owner Driver)
  76. 76. Motor Bikes
  77. 77. Business Car
  78. 78. Horsebox
  79. 79. Commercial Vehicle <3.5 Tonnes</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  80. 80. 15<br />Misfuelling Insurance<br />(available with or without mechanical cover)<br /><ul><li>150,000 motorists misfuel every year
  81. 81. Fixed cost for either a 12 or 36 month policy
  82. 82. Assistance available 24 hours a day, every day of the year
  83. 83. Claim up to 3 times per vehicle per year
  84. 84. The policy covers cars, vans and motorcycles
  85. 85. Full UK coverage – Providing on-going mobility
  86. 86. Roadside assistance companies charge £200+ (Excluding replacement fuel)
  87. 87. Policy can be written into other products as a value add (GAP etc)</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  88. 88. 16<br />Glass Protect<br /><ul><li>Assistance available 24 hours a day, every day of the year
  89. 89. Cover is for windscreens, side windows and rear windows
  90. 90. Claim up to 2 times per vehicle per year
  91. 91. The policy covers HGV’s, LGV’s and cars
  92. 92. Cover applies to both accident and vandalism damage
  93. 93. Sold as £30 excess (private) or VAT on repair (Company)
  94. 94. Can be incorporated into other products to add value or upsell
  95. 95. Comprehensive & TPFT
  96. 96. Full UK coverage</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  97. 97. 17<br /><ul><li>Question: How can you help your customers to cope if their car, motorcycle or commercial vehicle is stolen tonight?
  98. 98. Answer: Offer them Theft Protect TODAY.
  99. 99. FACT: a vehicle is stolen every 147 seconds in the UK*
  100. 100. FACT: 40% of stolen vehicles are never restored to their owner*
  101. 101. FACT: In the majority of cases most insurers will not offer a replacement vehicle
  102. 102. FACT: most of your clients will be unaware of these alarming statistics</li></ul> *British Crime Survey<br />Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  103. 103. 18<br />Theft Protect – Customer Benefits<br /><ul><li>Hire vehicle for up to 28 days in event of theft or unauthorised take of motor vehicle & can extend to “Fault Write Off” cases
  104. 104. Like-for-like rental vehicle option
  105. 105. 10 passenger car (2 prestige), 3 cv, 3 motorcycle & 7 Private hire vehicle groups
  106. 106. Avoid exposure to car hire costs, typically £300 for 14 days hire of a Group A vehicle
  107. 107. Stand alone, so not tied to buying other products or being sold with insurance renewal
  108. 108. You can sell Theft Protect regardless of if you have their motor policy
  109. 109. Available for Comprehensive & TPFT customers (regardless of car value)</li></li></ul><li>19<br />Theft Protect – What Is Covered? – When would a vehicle be provided? <br /><ul><li>Theft from & of vehicle
  110. 110. Attempt theft of & from vehicle
  111. 111. Vehicle interference / Malicious damage
  112. 112. Fire / Flood damage
  113. 113. Where in each of the above, the vehicle is either undriveable, repairable and booked into a body shop for repair, or where the vehicle is declared a total loss following these events, or
  114. 114. An accident that leaves the vehicle a total loss as decided by the motor insurer, competent repairer or motor engineer</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  115. 115. 20<br />Theft Protect – Broker Benefits<br /><ul><li>Provides the consumer with the solution to the age old problem of staying mobile after a Theft or write off incident, when typically no replacement vehicle service was previously available.
  116. 116. Valuable additional income stream – easy to sell to the customer, who is warmly disposed toward the product.
  117. 117. Complete online fulfilment solution for the broker via www.theftprotect.co.uk
  118. 118. CSV data upload option means Theft Protect can be sold regardless of the proprietary software provider.
  119. 119. Net rated for broker commission flexibility
  120. 120. Can be sold standalone – No requirement for broker to hold the core motor policy.</li></li></ul><li>21<br />Theft Protect – Broker Successes<br />The Nice 1 Broker customers sell our products in different ways, subject to their strategy and resources. Whilst we cannot reveal which of the more successful brokers are doing what, we can provide illustrations that may assist.<br /> <br />Example 1: A broker with 30,000 personal lines customers, sold 5,674 Theft Protect policies (19% penetration) by the up sell method between January and December 2010. <br /> <br />Example 2: A broker with 40,000 personal lines customers is currently selling to 23% of their new customer base by up selling. <br />Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  121. 121. 22<br />In response to customer & broker observations that insurer courtesy vehicle programs are not always able to provide a suitable replacement vehicle, Nice 1 have created Guaranteed Courtesy Car ®<br />All of the features of Theft Protect plus a vehicle provided in the event of failure of insurer courtesy car program to provide vehicle.<br /> <br />In the event of insurer program failing to provide Nice 1 will: <br /> <br /><ul><li>arrange for vehicle to be referred to nearest alternative approved repairer with courtesy vehicle available or
  122. 122. arrange the supply of a replacement vehicle through its national rental network. </li></ul> <br />
  123. 123. 23<br />Key Features and benefits<br /> <br />As per Theft Protect PLUS:<br /> <br /><ul><li>We will arrange and pay for a hire vehicle following an accident that leaves your vehicle a total loss or repairable as decided by your motor insurers, vehicle repairer or motor engineer.</li></ul> <br /> Significant exclusions or limitations<br /> <br /><ul><li>Any vehicle hire costs incurred before we have accepted a claim.
  124. 124. We will only pay vehicle hire costs up to the limit specified in the Certificate of Insurance. (Insured Incident)</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  125. 125. 24<br />Guaranteed Courtesy Vehicle – Broker Benefits<br /><ul><li>Enables the broker to Guarantee a courtesy vehicle solution that suits the customer
  126. 126. Valuable additional income stream – easy to sell to the customer, who is warmly disposed toward the product.
  127. 127. CSV data upload option means GCC can be sold regardless of the proprietary software provider.
  128. 128. Net rated for broker commission flexibility
  129. 129. Can be sold standalone – No requirement for broker to hold the core motor policy.</li></ul>Contact Steve Bennett at Nice 1<br />For Our Competitive Net Rates<br />Telephone : 0844 414 2286<br />
  130. 130. 25<br />Thank You . . .<br />Any questions? If you want more detail on products and rates please contact me. I will be happy to accompany you on broker visits to assist with the delivery of any of the Nice 1 products. <br />

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