London-headquartered international insurer
RSA is poised to boost its books with more than one million new home insurance customers, as part of its freshly rolled out partnership with the world’s largest building society.
Under the deal with Nationwide Building Society, RSA will enable members to “pick and mix” their level of home cover for a flexible policy that may be purchased online, by phone, or in any of Nationwide’s branches across the UK. RSA promises streamlined claims handling, estimating one in four claims to be settled within 24 hours.
“RSA is delighted to announce that our new partnership with Nationwide Building Society is now live,” said Steve Lewis, chief executive of RSA UK and international. “This important joint venture is anticipated to represent over £180 million of premium income annually, and further strengthens RSA’s position as a market leader in home insurance.
“Nationwide’s excellent reputation for customer service lies at the heart of the joint proposition, underpinned by an entirely new digital technology platform for RSA, which will now be rolled out across all our personal lines business.”
According to the multinational quoted insurance group, the partnership will make RSA one of the top three insurers of domestic property in the UK. Currently it is the country’s largest insurer of commercial property.
Partner Nationwide, meanwhile, is a major provider of current accounts, credit cards, ISAs (individual savings accounts), and personal loans. With around 15 million customers and members, the Swindon-based society is one of the biggest savings providers and the second largest mortgages provider in the UK.
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