Ageas and Pen sign online deal for household insurance
Products from Ageas to be available via Gallagher-owned Pen’s e-trading division.
Ageas and Pen Underwriting have agreed a new long-term capacity deal to provide household insurance through a number of online-traded platforms.
Ageas will provide underwriting capacity to Pen Underwriting's specialist e-trading division, with the agreement entailing full delegation of underwriting, claims and administration authority through OIM Underwriting.
The household products will be distributed using Pen's auto-rated model which uses full cycle e-trading to allow non-standard risks to be
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