The distribution partnership between ALLIANZ and UniCredit comes alive in Bulgaria

17 October 2018 — Daniela GHETU
Allianz Bulgaria has officially started its distribution agreement with UniCredit Bulbank. Thus, since the beginning of October the life and property insurance products of Allianz will be available at the UniCredit Bulbank's counters across Bulgaria.

The present agreement for Bulgaria is part of the partnership established in June by UniCredit and Allianz at the regional level for the countries of Central and Eastern Europe. "This partnership is a unique combination of two leading banking and insurance institutions in Bulgaria. Both companies have common values - customer focus and innovation, and that is why they will provide the best protection and service to the broad client base, "said Alexander Protsenko, Chairman of the Executive Committee of Allianz Bulgaria Holding,m quoted by the local press.

"In addition to implementing the group commitment, our partnership with Allianz is a natural continuation of the way we have been working together for years. I am sure that with the formal signing of the contract, today we will consolidate the successful practice that we have established over the years - together to offer our clients the most suitable products for them at favorable terms ", commented Levon Hampartzoumian, CEO and Chairman of the Management Board of UniCredit Bulbank.

"With the committed attitude that we see on behalf of UniCredit Bulbank and for our part, I am sure that our partnership will be successful and will also lead to an improvement of the clients' financial and insurance culture," said Pavlin Petkov, Chief Financial Officer director of Allianz Bulgaria Holding.

"When two leading companies work together for customers, it certainly brings more benefits to them. This partnership will enable us to serve even better our individual clients as well as small and medium enterprises "- explained Enrico Minniti, Chief Operating Officer of UniCredit Bulbank and Deputy Chairman of UniCredit Bulbank's Management Board.

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