Finance (SGEF) has teamed-up with a major
global insurance company to provide insurance on the asset it
leases to customers.
a major insurance company on a worldwide basis,” said Cécile Le
Bon, chief financial officer at SGEF.
“At the moment we are going through the specifics – for example,
we will still work with local insurance companies in countries
where our partner cannot provide services.”
For SGEF, the benefit is two-fold, said Le Bon. The lessor will
be more comfortable as it will know the underlying insurance
product in depth – for example, what the level of coverage is on an
asset; and secondly, by promoting its insurance partner, SGEF will
receive a commission.
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According to Le Bon, the product has been “very successful”.
Launched in 2008, it will be rolled out further this year. It forms
part of SGEF’s new strategy to supplement its revenues with
additional services.
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