Howden partners with Allianz Trade

Howden Insurance Brokers and Allianz Trade have announced their API partnership for structured credit insurance, Howden’s second API partnership in the sector this quarter. The HowdenCAP-Allianz Trade collaboration allows Howden clients and their broking team to obtain offers and execute business from across the structured credit risk market.

“This is yet another example of leveraging Howden’s systematic capture of structured data to drive a more efficient data-led operating model in our market. This collaboration with our friends at Allianz Trade further demonstrates the viability of an API-connected marketplace and positions Howden as the most technologically advanced broker to work with.” – Paul Hillier, Managing Director of Howden’s xTrade platform.

“Our second API in as many months illustrates our continued drive for market integration and heightened efficiency. We are truly delighted to reach this milestone with Allianz Trade and now we look forward to welcoming our third integrated Insurer very soon!” – Oliver Bowes, Executive Director at HowdenCAP.

“We have been transacting on TepfinX and supporting its development for several years now. Given Howden and Allianz Trade’s shared ambition to contribute to the market digitisation, we naturally decided to join forces to test API-based integration of our respective platforms. By contributing to the development of this API, and by successfully testing its integration with our deal management and underwriting platform, we have made a significant step in our digital journey. Like for Howden, this is a second success for us; whilst we had test proven API-based integration last year, it is the first direct API-based integration with a broker’s proprietary electronic placement platform.” – Thomas Laporte-Many, Head of Operations and Innovation at Allianz Trade Specialty Credit.

“The development of this connectivity with Allianz Trade underpins our strategic plans to grow via the technological innovation. Allianz Trade is a key player in the credit insurance space and we are extremely excited to have them connect with our API. We hope to continue to partner on many more innovative projects in the future.” – Jay Hopkins, Divisional Director at HowdenCAP.