Aggregator Mortgage Choice has just announced a strategic partnership with Allianz, one of Australia's largest insurers, saying the partnership is the next step in the franchise’s transition towards becoming a broader, diversified financial services business.
Mortgage Choice general manager of product and distribution, Andrew Russell, says that part of the group’s strategic goal is to broaden its customer proposition by providing a range of financial services and wealth solutions and that satisfying customers' insurance needs is in line with that aim.
"Our customers say that finding competitive insurance cover that meets their needs is important. We are pleased to now offer them market-leading insurance options through our partnership with Allianz, one of Australia's most respected insurers, and winner of the 2012 Large General Insurance Company of the Year," says Russell.
From today, Mortgage Choice will refer customers to Allianz for three types of insurance: home building and contents, motor vehicle and landlord insurance. Russell says that customers have the option of accessing Allianz insurance products through their channel of choice.
"Brokers can refer their customers directly by calling Allianz on a dedicated number and asking Allianz to contact their client, or alternatively, by giving the client the dedicated Mortgage Choice number at Allianz. Our brokers will not provide advice; all questions on the products will be referred back to Allianz."
In addition to the broker referrals, Russell says customers will also be given the option of going online to get a quote, via the Mortgage Choice website.
"If our aim is to provide a complete service to all our current and future customers, online definitely plays a key role in achieving that."
Allianz general manager financial institutions, Michael Winter, says the provider is pleased with the partnership.
“Insurance is an important consideration when taking out a home loan. It is in both the broker's and borrower's best interest to put in place an appropriate insurance solution and ensure protection is in place."