In the past couple of years, Risk and Credit Management has undergone a tremendous change. In the UK, requirements and legislations are becoming each time more important. Allianz was looking for a business partner who could demonstrate an added value into the Allianz process for underwriting risk and that could strengthen the control of credit management risks.
This will be done through supplying extensive credit-, portfolio,- and risk management solutions as well as consultancy. The agreement will become effective from 1st April 2014. By then, all 400 users will have been trained on the various solutions.
Craig Evans, Head of Business Development Graydon UK, comments “Applying business intelligence successfully will allow companies to optimize their internal processes, to take better decisions and to create a competitive advantage. I am convinced that the combination of Allianz’ expertise in the financial services industry with the data and insights from Graydon will bring them these opportunities”.
David Barnett, Head of Finance Commercial, Allianz UK, comments “We have used business intelligence solutions as part of our underwriting and credit management decision making process for many years and are firm believers that accurate and timely information can bring considerable benefits to our business. We are excited about the new agreement with Graydon and believe the quality of their data and insights will further enhance our capabilities in both areas".
Both companies are looking forward to the long-term partnership.
Graydon provides business intelligence solutions for Credit Management and Risk & Compliance. By combining data with business insights, Graydon helps companies to gain access to capital and to expand their knowledge in order to strengthen their competitive position. Graydon has offices in London, Amsterdam and Antwerp and uses a network of 130 international databases around the world with information of more than 90 million companies.
Allianz UK is one of the largest general insurers in the country and part of the Allianz Group. Together with its customers and sales partners, the Allianz Group is one of the strongest financial communities. Around 83 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.
In 2012, around 148,000 employees in over 70 countries achieved total revenue of 106.4 billion Euros and an operating profit of 9.3 billion Euros (restated on January 1, 2013, due to a change in accounting standard and presentation).
Benefits for our customers reached 89.2 billion Euros.
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