Groupama achieves highest IIP standard

1 May 2008,

Insurer recommended as Champion for IIP

Setting a new benchmark for the insurance sector, Investors in People (IIP) has awarded Groupama Insurances the highest standards across many areas of evaluation under the new IIP accreditation framework. The news follows a series of in-depth interviews and analysis over the course of 6 weeks by the Investors in People assessors. The new 3 year accreditation is testament to the range of initiatives Groupama has put in place to become a preferred employer.

IIP officials looked in detail at 10 different 'indicators' of successful people management such as Business Strategy, Management Effectiveness, Empowerment and Involvement, and Continuous Improvement. Groupama achieved the highest possible standard for 5 out of the 10 indicators and above the basic standard in all bar one.

The IIP commended Groupama on its genuine commitment to becoming a 'great place to work' and noted its focus on placing these values at the heart of the organisation. The report also found that Groupama's managers and team leaders are seen as accessible and approachable, as well as encouraging a culture of trust and inclusion.
Paul Picknett, Corporate Services Director for Groupama Insurances said: "The quality and performance of our workforce is critical to the success of our business and this latest IIP accreditation really demonstrates the investment and value we place on our employees. In many areas of the profile we have exceeded our own expectations and are delighted with the progress we have made."

"The IIP assessment was also useful in that it confirmed the areas we had already identified for improvement, giving us valuable reassurance that we had made the right choices to strengthen our people management further. As a result of our ongoing improvement, the assessors are recommending Groupama is put forward as an IIP Champion – a fantastic endorsement of everything we have done and continue to do to make Groupama a great place to work."

Notes to editors

Groupama Insurances is one of the UK's leading general insurers. The UK group offers motor, home and health insurance and also provides insurance protection to a growing number of smaller UK businesses. The company employs 800 staff in 6 centres and is an accredited 'Investor in People'.

Award winning

Groupama Insurances was winner of the 'Claims Initiative of the Year' Award in the 2007 British Insurance Awards, 'Company of the Year' Award in the Insurance Day Awards 2005, winner of the 'E-Business Award' in the British Insurance Awards 2005 and in both 2005 and 2006 was 'Highly Commended' in category for 'General Insurer of the Year'. Groupama Healthcare won the "Most Innovative New Product" Award at the 2006 Health Insurance Awards.

Groupama is a previous winner of the 'Underwriter of the Year' award in the British Insurance Awards and has twice been voted 'Underwriting Team of the Year' at the Insurance Day Awards. In addition, the UK Group has been awarded 'Insurer of the Year' at the Bodyshop Magazine Awards and was 'Highly Commended' in the National Business Awards 2005 in the Best Use of Technology category.

An impressive pedigree

Groupama Insurances is part of European financial services giant Groupama, an international business that generates annual revenues in excess of 14billion Euros.

Groupama is one of Europe's largest mutuals, the second insurer in France for marine and transport and the country's number one agricultural and individual health insurer.

Visit www.groupama.co.uk or www.groupama.com for the worldwide group

For further press information please contact Alison Reeson, Louise Fowler or Elinor Puzey at HSL on 020 8977 9132 or at hsl@harrisonsadler.com