Allianz Global Corporate & Specialty (AGCS), the corporate insurance arm of Allianz, has launched a new online distribution platform, called AllianzGo for small commercial businesses in the U.S. market.
The new, innovative platform provides brokers with the ability to rate, quote, issue and service the accounts for small commercial businesses online, and also gives policyholders the ability to view documents, make payments, and also submit a claim.
Bill Scaldaferri, Chief Executive Officer (CEO) and President of AGCS North America, said; “Today’s commercial audience is tech-savvy and prefers to conduct research and transactions online. It is imperative for us to provide real-time and convenient products and services to meet these demands.
“Functionality and personalization are critical for growth and we look forward to further championing solutions such as AllianzGo to define today’s evolving risk transfer landscape.”
The new platform can automate previously paper-based manual underwriting processes, so AGCS is able to issue policies online with immediate effect, via AllianzGo. AGCS explains that the new tool specifically serves small commercial businesses in the Business Owners Policy (BoP), Commercial Auto, and Workers’ Compensation segments across a broad range of industries, “including retail, business services, offices, wholesale/distributors, commercial real estate, apartments and condominiums.”
The new digital solution is designed for companies with revenue of up to $6 million per location, and up to $10 million in total insured values per policy, according to AGCS.
Atul Kulkarni, Head of Small Commercial for AGCS North America, added; “We’re prioritizing customer needs by investing in the best technology and solutions available. With AllianzGo, standard submissions will not require underwriter referral, accelerating the entire issue process and ultimately saving our customers time and effort.
“Allianz – one of the largest P&C carriers in the world – is bringing its excellent claims service, competitive pricing and ease-of-doing-business approach to the small commercial segment, where we will continue to expand and capture market share.”