2/3/2010 12:20:00 PM
O2 plans insurance arm
O2 is thought to be in the process of launching 'O2
insurance' in partnership with underwriter Mondial Assistance.
The operator's insurance arm will offer single trip and annual
cover as well as a pay monthly product, 'Flow', which offers
consumers the opportunity to increase and decrease the level of
cover on a trip by trip basis, according to reports.
Last year, O2 partnered with RBS-owned NatWest to launch the
financial services brand, O2 Money. It has rolled out two prepaid
Visa cards, Load & Go and Cash Manager, which are available
to O2 customers.
It plans to offer further banking products, intended to
eventually amalgamate in a contactless payments offering.
An O2 spokeswoman confirmed the operator will add an insurance
product but would not comment further on timings or the nature of