Thriving relationship also bolstered by the addition of commercial vehicle insurance

Ageas, one of the UK’s largest general insurers, and Aioi Nissay Dowa Insurance Company of Europe Ltd (Aioi) have announced a new five year deal regarding the provision of insurance to Toyota (GB) PLC’s 1.3 million Toyota and Lexus UK customers.

Following the launch of the successful Car insurance relationship in 2010 for Toyota and Lexus branded insurance policies underwritten by Aioi, the expanded deal now also delivers Commercial Vehicle insurance for the first time.

Customers are able to take advantage of ‘Drive Home’ policies via the Toyota and Lexus Centre networks, as well as having the option to purchase full, annual comprehensive policies. An award-winning customer service team within Stoke-based Ageas Insurance Solutions will continue to service the Toyota and Lexus customers, managing all policy sales and service administration. Ageas Insurance Limited will continue to handle all claims on behalf of Aioi.

Announcing the new, broadened relationship, Mark Cliff, CEO of Ageas Retail and Distribution said: “We have enjoyed a successful four year relationship providing solutions in partnership with Aioi to Toyota and Lexus customers, and this latest expanded deal is the perfect way to celebrate the relationship’s fourth anniversary. Our strong expertise in the motor insurance market is evidenced by a number of recent expanded partnerships, meaning Ageas is able to offer some of the UK’s strongest brands the very best insurance solutions for their customers.”

Nigel Loxton-Read. UK Managing Director of Aioi Nissay Dowa Insurance Company of Europe Ltd adds: “We have been delighted to work with a company which both shares the same values as, and complements the motor manufacturer skills and experience of, Aioi. Our latest, broadened relationship underpins Aioi’s expertise of managing and underwriting motor manufacturer schemes with Ageas’s strong motor experience, claims and customer contact track records. This expansion is a great example of how our effective relationship has matured since 2010.”