Fronting - Slovakia
Greenval are pleased to announce that since the 1st Jan 2020 we have started cooperation with Allianz for MOD and TPL coverage in Slovakia. Greenval will reinsure the risk, with Allianz managing all the claims and policy administration. We would like to thank our colleagues in Arval Slovakia for their support with this project. From the 1st May, we re-insure the full Slovakian fleet of over 7,000 vehicles.
Bike Cover - Netherlands
Since 1st Jan 2020 Greenval are providing TPL and personal damage insurance for bikes. This insurance cover is mandatory in Netherlands once a bike can exceed a speed limit of 25km, as it is then considered a motorized vehicle.
GAP Insurance - France
This new GAP (ASL) product is being sold as standalone insurance product to Arval clients (38K vehicles) that don’t have insurance cover with Greenval since Feb 2020. GAP insurance covers the difference between the market value and the written book value of the vehicle. If the vehicle is deemed to be a write off, GAP insurance will cover the difference between the amount paid by the insurance company and outstanding finance owed on the insured vehicle.