HypoVereinsbank and Allianz conclude sales collaboration
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Allianz new insurance partner of HypoVereinsbank from January 1, 2018 / Retail and corporate customers of HypoVereinsbank will benefit from the new product range / Collaboration offers substantial potential for growth at both partners
Munich, Dec 13, 2016
From January 1, 2018, Allianz will be the new insurance partner of HypoVereinsbank (UniCredit Bank AG). From 2018, retail and corporate customers of HypoVereinsbank will be able to benefit from the broad range of products and services from Allianz. All customers’ needs will be covered in future by Allianz products ranging from life, through property, to health insurance solutions. Customers will have access to advisers from HypoVereinsbank and Allianz for holistic and needs-oriented consultation. Personal consultation will be complemented by digital packages and services.
Allianz Deutschland is using the collaboration to further expand sales through banks as part of its growth initiative. HypoVereinsbank, which is part of UniCredit, is strengthening its sales of insurance products through this collaboration and thereby ensuring its growth ambitions in the German market.
“As market leader Allianz is the ideal insurance partner for the ambitious growth and premium positioning of HypoVereinsbank. The partnership represents a gain for our customers. They will benefit from two strong brands, world-class holistic advice and a high-quality product range which will cover any white spots that there have been in the past. The collaboration will therefore strengthen our market position and it entails significant potential for income,” commented Dr Theodor Weimer, Spokesman of the Executive Board of HypoVereinsbank.
“We are delighted that we have been able to attract a new strategic partner in HypoVereinsbank for our banking sales,” said Dr Manfred Knof, Chairman of the Board of Management of Allianz Deutschland. “With our common understanding of consistent customer orientation, holistic advice and digital services we complement each other ideally and create significant value added for customers. The objective of Allianz is to further expand our strong market position with this collaboration.”
The new collaboration with Allianz will replace the previous collaboration of UniCredit’s HypoVereinsbank with the Ergo Group on December 31, 2017. Contracts that customers of HypoVereinsbank have concluded with Ergo will remain in force. From January 1, 2018, it will only be possible to take out new insurance contracts through the bank with Allianz. Details of the new collaboration will be communicated at an early stage before the venture is launched.
- Investor Relations Release (PDF, 27 KB)