RCI Financial Services has appointed Verex to manage motor insurance schemes for Renault and Dacia as the brands introduce new seven day and annual policies.

Renault and Dacia’s new car customers will be able to take advantage of the new offering and also receive a complimentary annual vehicle excess damage waiver worth £250 when they register for the seven day insurance.

Verex, a specialist in vehicle manufacturer insurance schemes, will provide sales, administration, first notification of loss services and dealer field support to both brands’ dealer networks.

The policy is underwritten by Allianz Insurance plc and is 5* Defaqto rated, which means the programme offers the maximum available quality and comprehensiveness of features and benefits to consumers as judged by the independent Defaqto panel.

Renault said that the new insurance shemes will bring sales benefits of both parts and labour for dealerships as all repair and maintenance work from the insurance schemes will be routed through the dealer networks.

Edit Arany-Toth, general director of RCI Financial Services, said: “The Renault and Dacia Vehicle Insurance scheme focus means our proposition is the most relevant aligning to our business, dealers and customers. 

“All Renault and Dacia vehicles will be repaired in our approved repair network, delivering the highest quality post-accident brand experience to our customers. The new scheme also means we are in a position to achieve our policy growth targets.”

Andrew Long, managing director of Verex, said: “We are delighted to have been selected by RCI. We look forward to working with the Renault Dacia dealer network and building the insurance book.

"The programme will also aim to contribute to the wider aftersales strategy increasing Renault UK’s share of its customer post-accident market sector.”