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Daily Insurance Industry News
Tuesday 24th of April 2018
December 1, 2009

Aviva renews Barclays’ home insurance contract

by Gill Montia

Story link: Aviva renews Barclays’ home insurance contract

Aviva renews Barclays’ home insurance contract Aviva renews Barclays’ home insurance contract

Aviva and Barclays have announced a contract renewal that means the insurer will continue to be the sole provider of home insurance to Barclays UK retail customers, until 2015.

The original deal was struck in 2005, since when the number of home insurance policies sold by the bank has increased by 40%.

According to the parties, the collaboration combines Aviva’s scale and expertise in underwriting, marketing and claims servicing with Barclays 14 million retail customer base and distribution channels.

Both companies say they are committed to “driving product and proposition development to continue to provide and build exceptional products and propositions for Barclays’ customers”.

Aviva UK general insurance chief executive, Igal Mayer, comments: “This deal is a testament to the good relationship we have enjoyed over the last five years, building a mutually beneficial partnership which is profitable and continues to grow.”

Barclays is Aviva’s biggest household insurance partner and the insurer also provides the bank’s small business, high net worth and travel cover.

 

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