Allianz and Western Union have signed a
memorandum of understanding (MOU) to develop, design and distribute
insurance products in several countries around the world.
The companies anticipate that Allianz will
take the role of product provider and Western Union will serve as
the distributor. They will also explore co-marketing opportunities
and premium payments for Allianz customers through Western
Union.
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Michael Diekmann, CEO of Allianz SE, said:
“The global demand for protection against life, property and
health risks is growing far beyond developed markets.”
He added: “It is our goal to provide an
increasing number of customers with this protection in order for
them to be able to better participate in the economic development.
We’ll explore these opportunities with Western Union, considering
joint proposals to customers in the markets where we both
operate.”
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