Transparent at every step
At Ageas, we understand a high level of customer satisfaction is a key to our business success. This means getting the important things right – like our service, the quality of our products and the cover we offer.
Ageas Retail Limited is the Retail division of Ageas (UK) Limited and provides a wide range of products, including home, motor and travel insurance, to more than 1.5 million customers*.
We always do our very best to give you a great service. However, there are times when things go wrong. And if you’re not happy, neither are we. We believe it’s important to be transparent about our complaints, which is part of our commitment to developing long-term relationships with our customers. Below, you’ll find details about our complaints, which we feel are important to share with you.
Firm name: Ageas Retail Limited
Group name: Ageas (UK) Limited
Other firms covered in this report: None
Period covered: 1 January 2017 to 30 June 2017
Trading names covered: Ageas, Auto Direct, Castle Cover, Cover Direct, Done Deal, Express Insurance Services, First Response, Ias, KTM Insurance Services, KwikFit Insurance Services, Regal Insurance and RIAS.
Information about our complaints
|Product/service grouping||Insurance and pure protection||Credit related|
|Number of complaints opened by volume of business:
Provision at reporting period end date
|5.42 per 1,000 policies in force||1.14 per
|Number of complaints opened|| 8,244
|Number of complaints closed||8,208||648|
|Percentage closed within 3 days||72%||N/A|
|Percentage closed after 3 days but within 8 weeks||26.5%||N/A|
|Main cause of complaints opened||Other general admin/customer service||N/A|
Just so you know, 'percentage upheld' by the firm means complaints found in the customer’s favour.
The information in the above table refers to the total number of complaints received from customers of all our trading entities in Ageas Retail Limited.
Only a very small percentage of our customers make complaints. Between 1 January 2017 to 30 June 2017, a complaint arose in only 0.5% of the nearly 1.5 million live policies*.
The Financial Conduct Authority (FCA), the regulatory body governing the financial services industry, sets the standards for how financial service providers must handle customer complaints. The FCA allows us up to eight weeks to resolve a complaint. We resolved 98.5% of all complaints within this period, however, some complaints may take longer to investigate to make sure a fair outcome is achieved.
If you have any questions about the complaints information shown, please get in touch. Find out how contact us.
*Based on a policy count 30 June 2017