Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 14th of August 2018
December 18, 2007

Direct Fleet Insurance reports strong growth

by Gill Montia

Story link: Direct Fleet Insurance reports strong growth

Direct Fleet Insurance (DFI), the website that allows fleet owners and their brokers to obtain quotes directly from leading insurance companies, has reported strong growth since its launch this autumn.

The company has recently added Brit and HSBC to its insurer panel, which already includes AXA, Allianz and Zurich.

Using the DFI service, a fleet operator or broker submits details of a commercial fleet, and insurers bid for the business.

Paul Samways, a director of the company, says: “It’s been a great start for DFI and the volumes we have seen submitted for quotation since launching are higher than we anticipated.”

Mr Samways is keen to expand the panel further and make the quotation process even more competitive.

He believes that the auction process has many benefits to fleet operators and insurers because at any time before the end of the auction both the buyer and the seller can see exactly what has been offered.

The operator or broker can also evaluate competing quotations in terms of both content and price.

This allows operators to secure exactly the right type of cover for their particular business, at the best premium.

At the same time, insurers benefit because they have access all competing quotes during the bidding period.

 

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