Specialist MGA, Avid Insurance, has chosen Allianz Partners UK (AzP UK) as its new capacity provider for underwriting travel policies sold through Avid’s network of partners. AzP UK is a leader in B2B2C insurance and assistance and has made notable travel insurance acquisitions in recent years, making it a significant player in the UK’s travel insurance market. The partnership between Avid and AzP UK became effective earlier this year and is a strategic project that will see AzP UK underwriting travel policies offered through Avid’s partner schemes.
Marcus Latchford, Chief Sales and Distribution Officer for Allianz Partners UK and Ireland, views the partnership as an exciting opportunity to expand distribution in a crucial part of the travel insurance market. AzP UK’s technical capabilities and strong underwriting provide an excellent platform to further extend their coverage into broker and MGA channels.
Dan Baldwin, Head of Personal Lines for Avid Insurance, describes the partnership as a significant milestone for Avid, bringing together Avid’s scheme management, reporting and analytics capabilities with Allianz Partners UK’s commitment to expanding their presence in the travel insurance market. Allianz was Avid’s partner of choice due to their experience in the travel market, financial strength, and appetite for a long-term collaboration. Baldwin expects to go to market with several more schemes later this year, offering a range of single and multi-trip products.
In summary, Avid Insurance, a specialist MGA, has selected Allianz Partners UK as its new capacity provider for travel policies sold through Avid’s network of partners. The collaboration is a strategic project aimed at strengthening AzP UK’s position in the travel insurance market and achieving long-term growth aspirations.