American Express is probably one of the most recognised brands worldwise. Reaching far and wide across all continents, the history, customer service and the sheer size of the American Express corporation gives it one of the most trust brands that exists today. So it's easy to see how and why a series of complimentary products, such as American Express Insurance, have provided the company with some success in recent times.
The American Express Insurance website shows the range of insurance solutions they cater for. Taking in common products such as car insurance, home insurance and travel insurance, the American Express Insurance brand also ventures into repayment protection insurance and identity defence products.
In order to provide their loyal customers with these products, American Express Insurance have partnered with some of the UK's most reputable insurance specialists. The American Express Insurance service will "introduce" you (to use insurance terminology) to BDML Connect Limited for car and home insurance and ACE European Group Limited for their identity protection product.
The ability for American Express Insurance to build these relationships gives them a cost effective route into new markets they may know little about, and it ensures that the American Express Insurance customers are receiving a tried and tested solution for their needs. The service itself is effectively out-sourced to BDML and ACE European Group but the branding and interaction with you, the customer, is maintained under the American Express name.
A great example of this is the International Medical Insurance policy offered by American Express Insurance. It provides those living and/or working abroad with medical insurance cover for a foreign country. To provide this relatively innovative product, American Express Insurance have teamed up with Goodhealth Worldwide Europe Ltd.
As with all of the products on our website, American Express Insurance and its insurance partners are authorised and regulated by the Financial Services Authority (FSA).