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LV= Broker launches its first online fleet product

Press release: 01/06/2015

LV= Broker is launching its first online fleet product as part of its strategy to grow its electronically traded commercial product range.

Brokers can now access and obtain quotes for clients who have between two and 200 vehicles via LV= Broker's Gateway portal. New quotes will take approximately six minutes and brokers will receive electronic documents instantly.

The Gateway system provides dynamic quotation checking to validate the risk at every step and speed up the quote process. The system is fully supported by an underwriting team that brokers can call or email for assistance. Brokers will also be able to complete quotes via LV='s branch network even if they have started them online.

LV='s fleet product is designed to cover a wide range of vehicles from private cars to large commercial vans or trailers. Customers benefit from legal expenses insurance as standard, as well as full European cover if they want to drive their vehicle abroad. The policy also offers a brand new replacement vehicle if the car or van is damaged and is less than 12 months old.

Mike Crane, Commercial Lines Director at LV= Broker, said:

"We know how important it is for brokers to be able to trade online and we have developed a market-leading system that produces quotes within minutes. The online system is fully supported by a team of underwriters who offer brokers telephone support even if they have started a quote online.

"This will radically change fleet business for us and our broker partners, and is a key part of our strategy to trade more products online. This new product will help us offer fleet cover to a wider range of brokers and grow our commercial motor business further."


For further information please contact:

Emma Banks, emma.banks@lv.com, 0208 256 6714 / 07894 158 605


LV= Broker

LV= Broker is part of the LV= group of companies, and incorporates Highway Insurance and ABC Insurance. LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs 6,000 people and serves over 5.5 million customers with a range of financial products. We are the UK’s largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trade unions.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.