easyJet to offer motor insurance online

The founder of easyJet Stelios Haji-Ioannou, is reported to be planning to move into the motor insurance market. The plan is to offer motor insurance policies online, with Zurich providing the insurance cover, the website and the claim-handling services. The insurance will be sold online under the easyMoney brand. The plan is to have the website up and running and selling policies by June 2005.