Few brands can boast the history of the Post Office. Founded in 1516 when Henry VIII first established the Royal Mail, the Post Office initially started offering financial products in 1968 with National Giro Bank. The Post Office then continued this tradition from 1990 with Alliance and Leicester. Since then, the Post Office has introduced a range of personal finance solutions based on the partnerships model. Today, the Post Office Insurance team have chosen the same model for their services.
Post Office Insurance was created in partnership with Budget Insurance Services Limited (BISL) in order to provide customers in the UK with insurance quotes via the trusted Post Office brand. As such, Post Office Insurance assume the role of an insurance intermediary for the provision of a range of insurance products. The Budget supported products sitting within the Post Office Insurance portfolio include car insurance, home insurance and van insurance.
As an intermediary, Post Office Insurance uses different insurance companies to provide the policies sold via their brand. The Post Office Insurance team uses Norwich Union Insurance to supply their life insurance policies, Devitts Insurance (an RBS Brand) to support their motorbike insurance product and AXA Insurance for the pet insurance policies sold by Post Office Insurance.
On the whole, the Post Office Insurance products are quite comprehensive and include many additional benefits as standard. Each of the Post Office Insurance products are underwritten by established and reputable insurance companies and underwriters. You can also expect to see offers available for new customers buying from Post Office Insurance for the first time.