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.