The first large-scale underwritten automotive glass solution is to be delivered to the insurance industry by RAC Auto Windscreens.
The company plans to launch Glassure in early April. The cover will enable insurers to underwrite their entire glass book.
The package would allow insurers to sub-contract glass cover to RAC Auto Windscreens which, in addition to underwriting the glass spend, will undertake claims handling and administration.
RAC Auto Windscreens managing director Bill Duffy said: “Glassure gives all insurers the opportunity to pass the underwriting, claims management and service delivery in one solution to RAC Auto Windscreens.
“With Glassure, insurers are effectively buying a glass policy from RAC Auto Windscreens, which means that this solution will be subject to Insurance Premium Tax.”