Co-op Insurance announces expansion into loan sector

Co-op Insurance, which forms part of Co-op Group, has announced the expansion of its presence in the financial services market by offering personal loans, in partnership with ClearScore.

The move into loans follows feedback from member-owners, who expressed a desire for greater access to finance, particularly loans. Through its loans panel, Co-op Insurance aims to help members and customers take control of their finances and make managing the unexpected, a little easier.

Charles Offord, Managing Director at Co-op Insurance said “We are pleased to be expanding our presence within the financial services market with our personal and secured loans offering, in partnership with ClearScore.

“Our member-owners have told us that they want to have greater access to finance, particularly loans, that could help to make paying for things such as home improvements or managing unexpected bills a little easier.

“Our members are firmly at the heart of our Co-op and their views have been central to our decision to launch these products. We’ve listened to their feedback and with loans from Co-op, members and customers are now able to compare tailored loan offers from a panel of selected lenders.”