MMA Insurance has widened the cover together with enhanced rating terms for its Motor Trade product as part of the company's drive to expand its book of road risk business.
The insurer said a key objective was to have all new business submitted electronically.
Motor Trade was launched on Broker Online, MMA's web quotation system, in May this year and 40% of new business is now transacted using the system.
MMA is also currently developing a full-cycle EDI process for Motor Trade which is due to be launched later this year.
The company said it will continue to target small-scale and sole motor traders with plans for double digit growth by the end of 2005.
Paul Salter, MMA motor underwriting manager, said: “Motor Trade is a key area of expertise for MMA and we have been present in this market for a long time. Account growth will come from enhancing the product and by making it easier for intermediaries to deal with us. This includes electronic trading methods and a dedicated Motor Trade contact team.”
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