The launch of the new product follows the announcement last month about Ageas strengthening its Commercial Digital Trading Team, which focuses on brokers’ digital journeys, supporting them with a simplified sales process. This dedicated Team has an extensive knowledge of the PowerPlace SME platform and is available to support brokers in all aspects of their integrated trading.
PowerPlace’s Chief Executive Officer Nick Giddings comments about the new product addition:
Cathy Taylor, Head of Commercial Underwriting and Operations at Ageas, said:
This latest addition takes the PowerPlace SME Office and Surgeries panel to four insurers, with Ageas joining Allianz, AXA and RSA.
Group Head of Marketing & PR at Open GI
PR Communications Specialist at Ageas UK
Notes to Editors:
PowerPlace is Open GI’s solution for commercial lines business and offers brokers the opportunity to trade online in a multitude of ways. PowerPlace is part of the Open International Group and works with a number of insurer partners including ACE, Ageas, Allianz, AXA, Covea, Pen Underwriting, LV=, NIG, QBE, RSA, Zurich, and Towergate Underwriting.
Open GI is one of the leading technology partners to the General Insurance industry. Open GI provides a range of configurable insurance software to insurance brokers, underwriting agencies, insurers and MGAs in the UK and Ireland.
Open GI is part of the Open International Group and has 550 staff across offices in Worcester, Dublin, London, Winchester, Milton Keynes, Skopje and Krakow.
Ageas UK is a leading provider of award-winning insurance solutions in the United Kingdom. It distributes Personal and Commercial products underwritten by Ageas Insurance Limited through brokers, intermediaries, affinity partners, the internet and through its own wholly or part-owned companies trading as Ageas Retail, which also distributes products of other providers. Ageas Retail’s brands include Castle Cover, Kwik Fit Insurance Services and RIAS. Ageas UK also holds a 50.1% share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers.
Insuring around seven million customers and working with a range of partners, Ageas UK is recognised for delivering consistent and high-quality customer experiences. It employs around 5,000 people with offices based across the UK.
Ageas is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 40,000 people and reported annual inflows close to EUR 30 billion in 2015 (all figures at 100%).
Ageas UK, Hampshire Corporate Park, Templars Way, Ageas House, Eastleigh, Hampshire, SO53 3YA