The latest partnership news from Allianz;
Allianz Partners UK has significantly expanded its partnership with leading travel insurance intermediary Coverwise, bringing its comprehensive travel insurance to Coverwise’s 4.7 million UK travellers.
The landmark five-year agreement sees Allianz Partners provide underwriting, claims handling and emergency medical assistance to all customers across Coverwise and its Southdowns brand. As a result, travellers using UK comparison websites can now seamlessly select these newly backed policies among their top options.
The expanded partnership builds on a successful existing relationship between the two companies, where Allianz Partners already provides dedicated gadget protection covering devices including phones, tablets, laptops and smartwatches against loss, theft and accidental damage. The new agreement extends that collaboration, combining Coverwise’s established position in the comparison market with Allianz Partners’ end-to-end travel insurance expertise.
The partnership comes as price comparison websites play an increasingly crucial role in the UK travel market. Recent Allianz Partners research found that, while comparison sites account for just 6% of travel insurance purchases globally, they represent 22% of purchases in the UK. At the same time, overall demand for travel protection remains exceptionally strong: 77% of British travellers report being highly likely to purchase cover, driven by concerns over rising travel costs and geopolitical uncertainty.
“Coverwise is one of the UK’s leading travel insurance intermediaries and we’re delighted to extend our partnership with them,” said Marcus
Latchford, Chief Sales and Distribution Officer UK and Ireland, Allianz Partners. “We want to be where our customers are, offering them the quality and service they’d expect from the UK’s number one travel insurer, however they choose to buy.”
Mark Shaw, CEO, Coverwise, added, “Today’s travellers want to know they’re getting great value without compromising on cover, and our goal is always to offer the best protection possible. Working with Allianz Partners brings market-leading support and assistance to our Coverwise and Southdowns brands, ensuring our customers are well supported if things don’t go to plan while travelling.”
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