BIBA has launched a new scheme with the Reading based insuretech OneClickCover Ltd offering members access to a highly innovative, data-driven online home insurance platform that provides customers a quote in a few seconds, using just the property address.
The scheme offers comprehensive cover including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000. The policy aims to make buying home insurance quick and simple for customers by entering their postcode and agreeing to a number of short statements about the property and themselves.
The 5 Star Defaqto rated product is competitively priced due to OneClickCover’s agile and low cost operating model. The product integrates into a broker’s existing website and allows clients to pay single annual or monthly payments. Customers pay no administration fees to alter their existing policy and mid-term adjustments are entirely self-service without the need to contact a call centre.
Mike Hallam, BIBA’s Head of Technical Services, said: “We’re delighted to bring this comprehensive and easy to use product to members providing them with a new platform to compete in the home insurance market. It’s a quick and simple product that has no minimum entry requirements for members and 5 Star levels of cover for their customers.”
OneClickCover, underwritten by Royal & Sun Alliance, can offer home insurance to over 85% of all properties in the UK, including Northern Ireland. Additional covers such as accidental damage (buildings and contents); personal possessions; family legal expenses and home emergency are all available to customers as additional optional products.
Hutton Swinglehurst, Founder and CEO, OneClickCover, added: “In short, OneClickCover will offer BIBA members access to arguably the most highly advanced home insurance product available in the market with a customer journey superior to anything currently offered by aggregators or the large direct players. For the BIBA broker currently not offering home insurance it will provide an income stream without marketing or administration costs and yet still offer their clients a highly innovative product.”
Claims for OneClickCover customers are handled by Royal and Sun Alliance and there is also a telephone based support service available should customers have any questions about OneClickCover’s service or products.
Members can visit the scheme page for more information.
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- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes around 1800 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 67% of all general insurance with a premium totalling £65.1bn and 81% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.
BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.
- About OneClickCover Limited
Founded in 2017 and based in Reading, OneClickCover Ltd is a fully authorised insurance intermediary acting as a managing general agent of Royal and Sun Alliance plc. The founder of OneClickCover is one of the pioneers of data-driven insurance in the UK, having created the concept of the “No Questions Asked” home insurance pricing model whilst working at Landmark Insurance Services as well as designing and setting up BIBA’s existing SME Flood Insurance Scheme in 2016. OneClickCover is owned by the founder and a number of private investors.