Article date: 19 September 2002
Norwich Union has reduced rates on two of its newest packageproducts following successful launches to the broker market.
John Seaton, Norwich Union's commercial underwriting director,says: There has been a strong take up of the Shop and Salon, andOffice and Surgery, products and a pricing review has produced ratereductions of 10 per cent and five per cent respectively, whichwill give them an additional boost.
We're pleased with the performance of these two new productsand, after some analysis, have decided to improve the offering,which is good news for brokers who are writing this type ofbusiness and their clients.
This reinforces our commitment to the small business market andto developing our presence there.
The products have introduced innovative features into theirparticular markets, including legal expenses cover as standard, newoptional covers for risks such as personal accident and employeedishonesty, plus enhanced limits and extensions.
For further information, please contact: Jenny Chapman, NorwichUnion press office on 08703 666864/07775 822642 or Jon Clements atStaniforth Communications on 0161 274 0118
Notes to Editors:
Norwich Union is the UK's largest insurer. In general insuranceit is more than 1.5 times the size of its nearest competitor, andhas a 19 per cent share of the market.
It has a focus on insurance for individuals and smallbusinesses. It insures:
- one in five households
- one in five motor vehicles
- more than 700,000 businesses
Norwich Union products are available through a variety ofdistribution channels including brokers, corporate partners such asbanks and building societies and Norwich Union Direct.
- Norwich Union's news releases are available on the Aviva plcwebsite at www.aviva.com
- A selection of images are available from the Norwich UnionNewscast site at www.Newscast.co.uk
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