Ingeni Services Limited

Ingeni Services Limited: FCA compliance and insurance for the automotive sector

Ingeni Services Limited is a British company that supports the business development of motor dealerships, with services for compliance with the Financial Conduct Authority (FCA), training, and technical management systems for dealerships. The group holds principal FCA permissions for both general insurance mediation and consumer credit broking.

Appointed Representative (AR) status and regulation

The company offers dealerships the possibility of operating as an Appointed Representative (AR) for insurance and consumer credit. Although it encourages its clients to become directly regulated and states that it can support them in achieving this, there is also the option of joining its AR network. Ingeni Services Group Limited is authorised and regulated by the Financial Conduct Authority with FCA reference number 747381, and its permitted business is arranging general insurance contracts and consumer credit broking. The company is registered in England and Wales with company number 04547880.

Compliance and training services for dealerships

The service catalogue for dealerships includes FCA compliance support, the Ingeni Training Academy, the Ingeni Transaction Manager, audits, the AR network, Consumer Duty and CONC support, FCA services, FOS support, general insurance, financial promotions, and vulnerable customer care. The company describes its training as award-winning.

Insurance and vehicle protection products

Ingeni also acts as an insurance product manufacturer, with a range of automotive repair insurance and GAP protection products for new car and motorcycle buyers. The range includes:

• Guaranteed Asset Protection (GAP) insurance for cars and motorcycles.
• Minor damage insurance.
• Cosmetic repair insurance.
• Alloy wheel insurance.
• Complete wheel insurance.
• Motorcycle tyre insurance.
• Ceramic paint protection and ceramic paint protection PLUS.

These products are offered both to private customers and through dealerships, and the company also considers the possibility of becoming a broker.

Track record and relationship with the sector

Among the testimonials collected, a sector partner states that they have maintained a relationship with Ingeni since 2010, both as a compliance partner and for the supply of general insurance products, and describes the company more as a partner than as a supplier. Other clients highlight claims handling and telephone support.