Allianz selects technology partner

TIA Technology has been appointed as a core insurance solutions provider by Allianz Insurance.

The insurer said it was one of the UK’s most significant insurance technology deals of 2008.

Allianz will use TIA’s core Insurance solution to support the requirements of the retail division that manages the motor, home, animal health and musical insurance books of business. TIA has been chosen as part of Allianz’s strategy to consolidate its systems applications across several lines of business.

Adrian Mitri, operations director for Allianz Insurance, said: “TIA Technology’s ability to provide us with a modern flexible application means that we will be able to achieve efficiency gains whilst improving service to our policyholders, thus assisting with our overall goal to grow Allianz Retail into a £1bn premium business by 2013.

"This investment allows us to exploit TIA’s rich functionality and flexibility as well as being able to offer a faster time to market for product enhancements and new insurance offerings.”

Morten Steiner, CEO of TIA Technology, added: “TIA is delighted to be working in partnership with Allianz UK. It confirms TIA’s ability to provide highly scalable solutions across multiple lines of business.

"TIA was found to be particularly suited to fulfilling the Allianz objective of replacing legacy systems with a modern standardised solution, suited for the UK market. Working with Allianz further demonstrates TIA’s suitability and commitment to the UK insurance market.”