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Hyundai Motor UK extends Verex insurance agreement

Hyundai Motor UK has reappointed Verex to operate its customer motor insurance and accident aftercare programmes.

Verex has previously managed the schemes since 2010 and sees its agreement with the Korean manufacturer extended for a further three-year term.

Both programmes form part of Hyundai’s strategy to increase deployments of Hyundai vehicles to its approved bodyshop network, increase accident parts sales and customer retention, a statement from the brand said.

As well as continuing to manage Hyundai’s approved Accident Repair Network, Verex will also take over responsibility for Hyundai’s Total Loss Avoidance programme.

The motor insurance policy is underwritten by Allianz Insurance plc, and provides customers with the guarantee of a repair at a Hyundai Approved Bodyshop, using Hyundai Genuine Parts.

Malcolm Heeley, head of aftersales commercial and operations at Hyundai UK, said: “Our ongoing partnership means Verex are fully aligned with our business and our requirements, and have good working knowledge of our dealer network and our customers – which is key to a successful programme.”  

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