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Lloyd Service via Internet

The Italian insurance company Lloyd 1885 announced recently that it will expand its current operation to the Internet, under the title Genialloyd.

A member of the RAS financial group, Lloyd 1885 has operated as a telephone insurance service in recent years, whereby Italian customers can obtain automobile and other types of coverage through toll-free telephone numbers. Now, according to Mario Greco, administrative director for RAS, this same concept will be applied to the World Wide Web.

Franca Rovatti, product manager for Lloyd 1885, at a conference in Milan, pointed out that users of the Internet will be able to apply for, and obtain insurance coverage through Genialloyd, after filling out the required on-line forms and receiving approval. All payment are made by through a secure credit card system.

By using the online coverage, said Rovatti, Italian consumers will realize a noticeable savings over those charged by traditional insurance outlets.