Norwich-based insurance distribution and claims provider Coplus has secured two new underwriting arrangements.
Allianz Legal Protection will supply Coplus’s full range of legal expenses products in motor, family, landlord and commercial, while Collinson will underwrite its assistance product range, such as excess protection, home emergency, key cover and breakdown assistance.
Coplus managing director Jason Tripp (pictured) said of the new underwriting arrangements: “I’m delighted to be working with Allianz and Collinson. In these organisations, we have two expert underwriting partners to help us and our insurance distribution partners continue to provide excellent value for policyholders.”
“The product supply landscape has been through a period of extensive change recently which isn’t likely to end for the foreseeable future. Some triggers have been the recent thematic review, TR19/2: General insurance distribution chain, from the Financial Conduct Authority and the impending Personal Injury reforms.”
“Given the hardening market and reduction in capacity, these are interesting times for insurance distribution. We see these new deals putting us in a strong position to continue to offer real value and benefits for our distribution partners and their customers.”
Gary Davess, director of markets at Allianz, said: “We’re delighted to be partnering with Coplus on what is a very exciting opportunity. Coplus shares our focus on delivering great service and outcomes for customers and we look forward to working together.”
Commenting on the shared objective that both companies have to deliver relevant protection products and solutions to clients, Lawrence Watts, head of insurance at Collinson, said: “We look forward to building a long-term partnership with Coplus, aligning the deep customer understanding and robust distributor relationships that it has with the range of specialist and ancillary solutions that Collinson offers. This partnership is a perfect example of demand and capability coming together at a time when other providers are stepping back.”
The new underwriting arrangements follow the arrival of former GT Motive UK business director Richard Taylor earlier this month.