Insurance Age

NIG defends “Guarantee to Beat” pricing strategy

dave-parry
    • Martin Friel

    • Indicative reading time: 1 minute

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NIG is promising brokers it will beat premiums by up to 5% on business held or quoted with 15 major insurance companies in the UK market.

According to promotional material, seen by Broking.co.uk’s sister site Postonline, the insurers are Ageas, Allianz, Arista, Aviva, Axa, Brit, Ecclesiastical, Groupama, Hiscox, LV, MMA, QBE, RSA, Travelers and Zurich.

The offer will be distributed through the firm's NIG network online, and the firm claims to be increasing discount access to brokers from 5% to 30% during March and April.

When approached by Post on the offer, Dave Parry, director of sales and distribution at NIG said the move was

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