Allianz Commercial is pleased to announce that it has been selected by the major global financial services provider, Barclays, to provide commercial insurance packages for its SME customer base in the UK. Barclays and the Insurer have agreed a long-term partnership to offer a flexible product range which caters for every business segment from start-ups to mature businesses. Under the new arrangement, Allianz Commercial will underwrite tailored packages which will include a wide range of cover options from property & casualty insurance to specialist sectors, such as marine transit and engineering inspections.
Allianz will also provide a branded sales, service and claims capability for all new business, which will operate from Allianz’s new premises in Lancaster. The company expects to recruit as many as 80 employees as part of the dedicated operation within the next year.
David Martin, director, SME markets, Allianz Insurance said: “To be selected by Barclays is a tremendous achievement for Allianz Commercial and demonstrates the strength of our SME proposition. We believe that the innovation, creativity and enhanced technology behind this solution, which was developed specifically to meet the needs of Barclay’s customers, provides a new, exciting and substantially different proposition to the bancassurance sector.”
Sue Hayes, managing director of Barclays Business added: “We are delighted to be working with Allianz Commercial. We look forward to delivering the best possible insurance solution for our Business banking customers. One that is flexible and innovative, allowing businesses to grow and develop in the knowledge that they have insurance in place that will protect them if something goes wrong.”