Allianz Commercial’s SME e-trading business has grown by 40% since the launch of its online trading platform, QuoteSME, one year ago.

QuoteSME now has more than 3,300 registered brokers who are profiting from its fully-integrated approach and the insurer estimates that brokers are benefiting from 80% time savings on new business quotes and placement.

David Martin, Head of SME affinity and broker markets at Allianz Commercial, says: "QuoteSME has facilitated tremendous growth in our SME e-trading business in the last year. This is a direct result of our strategy to create a sustainable business model based on a system-driven product design, a highly-sophisticated pricing methodology and breadth of underwriting acceptance."

"Brokers are appreciating QuoteSME’s fully-integrated approach, ease of navigation and dynamic questioning which provides rapid quote response and, along with our competitive pricing, will help them increase conversion rates."

Allianz Commercial has now announced that during 2011, QuoteSME will become a full-cycle proposition to facilitate mid term adjustments.

Mr Martin adds: "We are constantly reviewing our products and systems to increase efficiencies and meet the needs of the market and our partners. After QuoteSME launched, we issued independent research to undertake feedback on user experience. Brokers highlighted the need for full-cycle capability and we plan to deliver this by mid-2011."

"We share our brokers’ belief that speed of response is crucial in winning and retaining new business, a full-cycle proposition gives brokers the flexibility they require to be successful in a competitive market."

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