Allianz Global Corporate & Specialty (AGCS), Allianz Group’s dedicated carrier for corporate & specialty insurance business, today announced a partnership agreement with award-winning insurtech company, Visicover. Visicover will now offer its existing and new Aeroplane and Helicopter policyholder’s insurance products underwritten by AGCS.
Visicover is an online based service which not only lets customers buy their insurance online but also enables them to subsequently self-administer their policies including renewals. AGCS has a wealth of experience as a global leader in providing the aviation industry with the products and services they need to protect them from risk. AGCS has been involved in aviation for over a century. From insuring some of the earliest pioneers of flight in the 1920’s to being a forerunner in the satellite insurance field, AGCS have a long history and proven track record of reliability, security and service.
“The aviation industry is undergoing significant change. New technologies are impacting companies’ risks; creating new and eliminating old risks. Technology is also changing buying trends and distribution channels,” Tom Chamberlain, Underwriting UW Manager for Aerospace and General Aviation AGCS said.
“This new partnership with Visicover aligns with Allianz’s “Digital by Default” strategy to focus on new distribution channels for our products and in particular, explore ways to enhance the customer journey in an increasingly digital world. Through working with Visicover, we will be part of the innovative drive to understand how new technologies and insurance propositions can benefit the customer and how they will develop in the future,” he went on to say.
“The original vision for Visicover was to create a better solution based on simple flexible products, lower premiums and online self-servicing so that aircraft owners could manage their cover themselves,“ said Jan Houlberg, Managing Director, Visicover. “Since launching only four years ago we’ve taken a significant share of the general aviation insurance market. Allianz is the ideal partner as we look to increase our presence and expand our offering in the aviation space and look to move into other markets.”