
May
25
PowerPlace partners with Allianz to offer SME Product
Posted on May 25, 2010 by Sergio Ulloa (G+)
PowerPlace has struck a deal to add the commercial combined product for Small and Medium Enterprise (SME) business from Allianz to their online insurance marketplace. PowerPlace, based in the UK, has built a compelling model to do online distribution of insurance products and provide support to brokers through imarket. The Allianz Group has made a commitment to invest in the functionality of the underlying technology employed by PowerPlace, which overall is perceived as being a very attractive distribution partner, therefore aligning seamlessly with their SME strategy to participate in the competitive online market and bring support to brokers by facilitating quicker trades of their products. PowerPlace had been wanting to get Allianz on board for some time, and having them taking part in their digital marketplace strengthens the value of their proposition to brokers, whilst making a step further in the direction of becoming a true one-stop online supplier of commercial insurance products. Brokers using or planning to use PowerPlace will now have access to a wider range of products at competitive rates, plus the market-leading commercial combined product from Allianz. Companies mentioned: Allianz
