Santander and Aviva announce renewal of home and life insurance partnership
Santander and Aviva have agreed to continue their partnership to provide home and life Insurance to UK-based customers. The new deal will allow the two companies to work together in delivering new products and services and reflects “the success of Aviva and Santander’s existing partnership,” first announced in 2011.
The agreements follow a scheduled tender process and cover the distribution of home insurance, mortgage life protection, family and lifestyle protection and over 50s life insurance, which will be sold by Santander through its UK branch network, online and over the telephone.
The five-year partnership for home insurance will run to June 2025, while the six-year partnership for life insurance will continue until December 2026.
“We have enjoyed a very successful partnership with Aviva over several years and this new agreement will extend our relationship until 2025/26, bringing with it an exciting opportunity to work together on transformation projects across the products and services we provide to customers. Backed by the strength of two brands consumers know and trust, we want to continue to provide our customers with protection that supports them when they need it and to build on the award-winning, comprehensive claims service our customers have become used to.” – Richard Al-Dabbagh, CEO of Santander Insurance Services.
“I am delighted that we have renewed our partnership with Santander. This builds on our successful nine-year partnership and underlines our joint, ongoing commitment to provide quality, affordable insurance solutions to help customers protect their homes and their lives. It also highlights the breadth and quality of Aviva’s offering to our banking partners and the strength of our portfolio across both general and life insurance. The renewal of our partnership means that Santander’s insurance customers will continue to receive the protection they need and enables us to continue delivering sustainable, profitable growth with our strategic partners.” – Colm Holmes, Global CEO General Insurance.