Press release -
RAC chosen by BGL to underwrite its legal expenses insurance book
Following a competitive tender process, the RAC’s Legal Services business has been selected by BGL Group to underwrite its motor and home legal expenses insurance (LEI) business.
BGL is a leading digital distributor of insurance and household financial services to 10m customers through its own brands and those of its 12 household name partners. Within its Insurance, Distribution & Outsourcing business it offers LEI products to almost 3m motor and household customers.
RAC Legal Services was chosen as BGL’s preferred underwriter partner given its extensive expertise in the field, providing legal services to more than 5m customers, and its ability to underwrite its own LEI policies.
The RAC also provides similar services to other similar large corporate partners thanks to its in-house capabilities including motor, commercial and household legal advice helplines, First Notification of Loss services, claims handling and its specialist solicitor panel.
RAC Legal Services general manager Paul Evans said: “We are delighted to have been selected as BGL’s underwriting partner as this is a reflection of our achievements in a very competitive field.
“We believe our expertise and skill-set across all elements of the legal services’ arena played a part, particularly as the sector is on the brink of major changes in the run-up to the whiplash reforms and increase in small claims court limits coming into force next year.
“Our in-house abilities and expertise allow us to offer compelling and bespoke solutions, while ensuring that we support our corporate partners and their customers both now and post the reforms.”
Ursula Gibbs, Insurance and Aggregation Director in BGL’s Insurance, Distribution and Outsourcing division, said: “It was clear throughout the tender process that the RAC was well positioned to manage an LEI book as big as ours, spanning both motor and home policies for many high-profile brands.
“We are confident the RAC is the right partner to work with us on the next stage of our LEI journey.”
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Notes to Editors
About the RAC
First formed in 1897, the RAC has been looking after the needs of its members for more than 120 years.
Today it has more than eight million members and is one of the UK’s most progressive motoring organisations, providing services for both private and business motorists. Whether it's roadside assistance, insurance, buying a used car, vehicle inspections and checks, legal services or up-to-the-minute traffic and travel information – the RAC offers a solution for all motoring needs. The RAC is committed to making motoring easier, safer, more affordable and more enjoyable for drivers and road users.
The RAC supports the interests of its members and UK drivers at a national level. This includes voicing concerns about the increasing cost of motoring, particularly the price of fuel and the high level of tax levied on it, advancing levels of road safety, and supporting the needs of all drivers, from young to old.
The RAC’s annual Report on Motoring – first published in 1989 – is one of a kind and provides a clear insight into the concerns and issues facing today’s motorists.
For the very latest news on UK fuel prices, check RAC Fuel Watch. It provides a comprehensive guide to the latest UK unleaded petrol and diesel prices – both at the wholesale level and at the pump - and tracks these prices daily to help drivers check if the price they pay to fill up is a fair one.
About BGL Group
BGL Group is a leading digital distributor of insurance and household financial services to 10m customers. The Group is organised in two Divisions: Price Comparison and Insurance, Distribution and Outsourcing (IDO).
The Price Comparison Division offers customers access to a growing range of car, home insurance and breadth products (including life, travel, energy and pet insurance as well as utilities and money products). comparethemarket.com is one of the UK’s leading price comparison sites and LesFurets.com is a leading player in the French market.
IDO provides a range of motor, home and life insurance products in partnership with several of the best-known brands in UK financial services and through own brands Budget Insurance, Dial Direct, Beagle Street and FiftyLife, all supported by state-of-the-art contact centres and digital platforms.
comparethemarket.com is a trading name of Compare the Market Limited, authorised and regulated by the Financial Conduct Authority.Dial Direct, Budget Insurance and FiftyLife are trading names of BISL Limited and Beagle Street is a trading name of BGL Direct Life Limited. BISL Limited is authorised and regulated by the Financial Conduct Authority. BGL Direct Life Limited is an Appointed Representative of BISL Limited. BFSL Limited provides consumer credit to eligible customers of BISL Limited who elect to pay for their insurance over monthly instalments. All entities are subsidiaries of BGL (Holdings) Limited. Registered Address: Pegasus House, Bakewell Road, Orton Southgate, PE2 6YS. More details are available on www.bglgroup.co.uk
