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easyMoney, the online personal finance brand of the easyGroup, owned by Stelios,
the serial entrepreneur, is to expand its products to include motor insurance.
easyMoney car insurance will launch later this year, offering consumers the chance
to buy low cost car insurance online. Working with Zurich, the global insurer,
easyMoney will offer consumers an un-bundled insurance policy. Currently many
insurers bundle a range of so-called services into their motor insurance policies
which of course raises the price of cover. easyMoney car insurance will separate
the frills from car insurance - either comprehensive or third party, fire and
theft in order to offer consumers the best price in this £9 billion UK annual
marketplace.
"Once again the easyGroup is going to reduce prices to consumers,"
said Stelios the serial entrepreneur and easyGroup chairman. "With so many
cars in the UK and £9 billion being spent on insurance already, easyMoney
car insurance can make life more affordable for UK drivers. I am also delighted
to have a blue chip partner like Zurich in this new venture." Mark Winlow,
Managing Director,Zurich Uk Personal Lines said, "We are delighted to be
partnering with such an innovative company like the easyGroup who will give us
access to a segment of the motor insurance market that currently does not use
our existing channels or partners."
easyMoney online financial services already offers UK consumers a credit card
and as well as the forthcoming launch of motor insurance, both home and personal
insurance are being considered.
Any new developments and information will be announced on this website and
at easy.com.
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above: Stelios - easyGroup chairman and founder
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