Daily Insurance Industry News
Daily Insurance Industry News
Monday 24th of September 2018
December 20, 2010

Allianz sees 40% surge in SME e-trading

by Richard Kilner

Story link: Allianz sees 40% surge in SME e-trading

Allianz sees 40% surge in SME e-trading

In the last year Allianz Commercial’s SME e-trading business has grown by 40%, following the launch of online trading platform QuoteSME 12 months ago.

QuoteSME now boasts in excess of 3,300 registered brokers, and has grown due to its fully-integrated approach which allows brokers to make time savings of up to 80%.

Head of SME affinity & broker markets David Martin has stated that QuoteSME has enabled the firm’s e-trading platform to expand rapidly during 2010.

Martin explained that the substantial growth was achieved through the adoption of a sustainable business model, advanced pricing methodology and a system-driven product design.

He went on to say that brokers enjoyed the easy navigation and dynamic questioning, as well as rapid quotation generation.

In November Allianz reported its Q3 results, including a 2.3% rise in operating profit to €2.1bn and forecast a full-year operating profit in the region of €7.2bn.


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