We choose our insurers carefully.
As an independent insurance intermediary, we choose our insurers very carefully and use our 40 years experience in that process.
We reduce your risk - by being sensible.
We will not use small, unrated overseas insurers, despite their slightly lower premiums, and that stance has served our customers well. In recent years, a number of small overseas insurers have become bankrupt and according to the Financial Conduct Authority, over 1 million policyholders are affected. Some motor dealers and online providers continue to offer cover from small non rated overseas insurers and you should be aware of that risk when researching the market.
What do we look for in an insurer?
Financial security. We only use 'A' rated global insurers. Read below about 'rating',
First class customer claims handling,
Market leading Terms and Conditions that meet the independent 5 star rating. Ask us more about this.
Premiums that reflect the balance between ultra-high quality cover and competitive online pricing,
All insurance products on this website are underwritten by Great Lakes Insurance SE, a German insurance company with offices in London.
Who are Great Lakes Insurance SE?
Great Lakes Insurance SE is a fully owned subsidiary of Munich RE Group and is a specialist provider of insurance services. Great Lakes Insurance SE enjoys the same strong rating and financial strength as Munich RE Group, a company who according to Wikipedia enjoyed sales revenue in 2015 of $88 billion*. To give that some perspective, the UK Insurance giant Aviva reported sales in the same period of £23.7 billion*. Munich RE Group, the 6th largest insurance revenue generator in the world, were founded 136 years ago in 1880 and employs 43,554 staff globally*.
Great Lakes Insurance SE underwrite insurance policies for major companies including;
Independent financial rating
Our underwriters are 'rated' for their financial security by independent market analysts.
Great Lakes Insurance SE are rated;
A+ (Superior) by A.M. Best.
AA- (Very strong) by Standard &Poors
Great Lakes Insurance SE, UK Branch, is authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (The Federal Financial Supervisory Authority in Germany) and subject to limited regulation by the UK Financial Conduct Authority and Prudential Regulation Authority. Great Lakes Insurance SE, UK branch is EEA Authorised by the Financial Conduct Authority and as such must meet minimum standards agreed across all EEA countries.
You can check this information on the Financial Services Register visiting their website or by contacting them on 0800 111 6768.
We are sure you would agree, a major insurer providing high-class comprehensive products via one of the longest established on-line specialists – car2cover.co.uk and at internet prices is a combination to savour.
*All information is widely available from Wikipedia at the time of updating this page on Wednesday 1st February 2017.