Transfer of assets:
Insurance company A buys part of Insurance company Bs business. A
effectively buys a chunk of Bs customers who are on an annual insurance
policy.
There are obviously DPA issues with the transfer of assets - but as A
carries on much the same business as B, the customers will see no real
change other than a new brand.
What A really wants though is not Bs existing customers, but all the
prospects who contacted B, gave their personal details but did NOT take out
an insurance policy.
B would have contacted these prospects anyway around their renewal dates, so
why shouldn't A be given these prospect details to do the job instead?
Any thoughts - and remember, it could be you if you weren't "happy" with
your quote?!
Duncan
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