We are delighted to announce some exciting changes to our underwriting capacity with the introduction of two new underwriting arrangements. These new partnerships will ensure we can continue to provide consistent value for policyholders in a challenging market and give a strong platform for continuous growth for the next three years and beyond.
Coplus has operated in the legal expenses market for over 30 years, working with brokers and insurers to protect in excess of 2.5 million policyholders. The new deals will enhance the comprehensive range of policies and cement our position in the market.
Jason Tripp, Managing Director, announced a new partnership with Allianz Legal Protection (ALP) for the supply of a full range of legal expenses products. ALP is a trading name of Allianz Insurance plc, one of the largest general insurers in the UK. ALP will underwrite motor, family, landlord and commercial legal expenses lines for Coplus.
The second of the new partnerships revealed is with Collinson, the global travel, insurance and assistance solutions provider, which helps insurers and brokers protect and assist their customers. Through its UK PRA authorised insurance entity, Collinson will underwrite the comprehensive assistance product range provided by Coplus, comprising products such as Excess Protection, Home Emergency, Key Cover and Breakdown Assistance.
Collinson has expanded its underwriting capabilities, growing from its traditional insurance footprint to include a wider range of ancillary personal lines and niche products. As experts in customer experience and insight, Collinson has combined capacity with carefully selected claims and assistance specialists to meet customer demand for ancillary personal lines products.
Jason Tripp commented: “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 commented:
“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.”
Read more about products available from Coplus.