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Welcome
to our first issue...
When
we were preparing a skiing related theme for our stand at the
Leaseurope/Eurofinas Convention this year, we did not predict the “twists
and turns” that the credit crisis would take, nor that they would lead down
such a very “slippery slope” in the stock markets and end “off piste” and over
a cliff in Iceland. By contrast, we remembered blue skies, crisp sunny days
and fun on the slopes and hope to convey the same optimism in this issue of
our newsletter and presentation “Stay Ahead – Beat the Economic Winter”
 Marketing
Coordinator |
 Insuring
against life’s ups and downs:
We are now able to offer two additional products to clients in the
vehicle financing market.
 ETInsurance
provides coverage for a finance customer to meet the shortfall
between the market value of a vehicle and the outstanding finance
amount.
Our
programme can be tailored to meet a wide range of life-changing
events and is unique in providing cover for "voluntary" events such
as carer responsibilities. The programme covers both private and
company cars as well as commercial vehicles and is designed to be
competitively priced compared to other insurance options. Read
more...
 DPInsurance
enables lessors to reimburse customers with their deposit payment on
a vehicle in the event of total loss of the vehicle, or as a result
of an unexpected change in personal circumstances, such as
bankruptcy or redundancy.
The
insurance can be offered as a stand-alone product or linked with GAP
Insurance and Early Termination Insurance to provide complete
financial protection for leased vehicles. Read
more...
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LLISL
specialises in providing insurance products & services
tailored to the needs of vehicle and commercial equipment
lessors, lenders and manufacturers.
 Learn
More About
Us
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 LLISL
expands Client Relations Team
Following
the addition of new client portfolios and a strong pipeline of
prospects in implementation Lease & Loan Insurance
Services Ltd has recently expanded its Client Relations team
based in Bristol.
Phil
Fletcher joins as Client Manager. Phil has a wealth
of insurance experience, having worked at companies such as
AON and HSBC Insurance Broking and will be responsible for a
range of clients across our product base, helping our clients
develop their portfolios and create new business
opportunities.
Patricia
Stefan joins the team as Client Support, having
worked for LLISL as a Claims and Customer Service Advisor.
Patricia will provide operational and administrative support
to the client relations team and, as a fluent German &
Spanish speaker, will play a pivotal role in the
administration of clients in these
territories.
Debbie
Page is now on maternity leave, following the birth
of her baby boy. We wish Debbie all the best in coping with
the sleepless nights. Apparently it’s not the same as a
holiday! Debbie’s accounts will be managed by Phil Fletcher
during her leave.
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As the finance industry reels from
the ongoing effects of the economic ‘realignment’, opinions
differ on whether we have seen the worst, or if there is more
to come...?
As
Credit Committees examine past decisions with the benefit of
20/20 hindsight, what everyone is agreed on is that
alternative revenue
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streams
will become increasingly important to the bottom line and this
is where Insurance comes in.
Press
coverage in the insurance marketplace indicates that whilst
insurance brokers’ confidence is dropping, General Insurers
themselves are confident that they have manageable exposure to
the effects of under-performing investments and as a result,
most insurers (outside the obvious specialist niche of Credit
Insurance) remain confident in both strategy and business
model. As the finance marketplace changes, the insurance
industry responds with innovative solutions, and
‘forward-thinking’ insurers
are
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continuing
to talk to clients and partners to explore mutual
opportunities.
Insurance
as a revenue generator has been roundly castigated in the
retail market and the regulator continues to look closely at
the old favourite, PPI, but that is not to say that there
aren’t alternative opportunities in the Commercial marketplace
that offer real value to the customer and protect assets,
whilst generating a worthwhile revenue stream to
Lenders.
If
you’re not talking to your Insurance partners, you’re probably
missing out!
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$50,000
lawsuit for squirrel attack
While
shopping at a mall, Marcy Meckler stepped outside and was
"attacked" by a squirrel that lived among the trees and
bushes. “While frantically attempting to escape from the
squirrel and detach it from her leg, [Meckler] fell and
suffered severe injuries," her resulting lawsuit says. The
lawsuit claimed it was the mall’s fault, demanding more than
$50,000 for their “failure to warn” her that squirrels live
outside.
For more outrageous and
frivolous lawsuits, check out “The True Stella Awards”
website.
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Strange
Claims
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Genuine
excerpts from insurance claims
(apparently)
"I
started to slow down, but the traffic was more stationary than
I thought"
"The
guy was all over the road, I had to swerve a number of times
before I hit him "
“The
indirect cause of the accident was a little guy in a small car
with a big mouth.”
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Talk
about a bad day!
"While
going forward I smashed the rear light of the car in front of
me. So I backed up, and in doing so smashed the bumper of the
car behind me. That's when I stepped out of the car, but in
doing so I knocked down a bicyclist with my door. That's all I
have to declare for today."
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Duck
gets legal protection – New York,
USA
“A
court in New York State has issued what could be a first - a
protection order for a duck.
A Suffolk County judge
approved the measure Thursday, telling a man accused of
shooting a family's pet duck to stay away from the bird and
her
owners.”
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Lease
& Loan Insurance Services Ltd | 32 Queen Square | Bristol BS1
4ND | United Kingdom
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