Allianz and UniCredit have signed a multi-country settlement to construct on the businesses’ longstanding bancassurance partnership which started in 1996.
The settlement covers UniCredit’s footprint in Italy, Germany, Central and Jap Europe, the place the corporate serves greater than 15 million shoppers. Allianz Group serves over 30 million shoppers in these nations.
The settlement permits UniCredit to supply its banking merchandise to prospects on Allianz’s open platform in Germany, Italy and different jurisdictions.
The settlement in Italy offers for the renewal of the present bancassurance preparations, each within the life and non-life companies, to 2027, with some potential strategic flexibility for UniCredit ranging from 2024.
As a part of the renewed partnership, on Feb. 10, 2022 CreditRas Vita and CreditRas Assicurazioni will probably be rebranded as UniCredit Allianz Vita and UniCredit Allianz Assicurazioni, respectively.
“We’re delighted to proceed and deepen our profitable partnership with UniCredit. I look ahead to securing the way forward for our joint buyer base with world-class services and products,” stated Oliver Baete, the chief govt officer of Allianz SE.
This settlement “joins collectively best-in-class product choices, innovation and technological integration for the mutual good thing about our respective shoppers, underscoring our dedication to this sector,” stated Andrea Orcel, chief govt officer of UniCredit S.p.A. “It’s a blueprint for the way we intend to streamline our joint ventures and maximize the advantages of all future partnerships.”
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