Allianz Partners has announced it will move to a new underwriter, Mitsui Sumitomo Insurance Company, Limited (MSIG), effective 1 April 2025. The change supports Allianz Partners’ ongoing commitment to delivering high-quality insurance and assistance products, while also expanding its capacity to diversify offerings.
The transition aligns with the introduction of the Conduct of Financial Institutions (CoFI) regime under the Financial Markets Conduct Act 2013. Agents and brokers are reminded to familiarise themselves with CoFI’s Fair Conduct Principles, which are designed to prioritise consumer protection and ensure fair treatment.
As a result of the underwriter change and CoFI requirements, agent agreements will be updated. A new electronic agreement will be sent out shortly, with signing required by 4 April 2025. Agents are encouraged to review and return this promptly to ensure continued compliance and product distribution.
Additionally, payment details will change for policies sold on or after 1 April 2025. For invoice payments, funds should be deposited to the following new bank account:
- Bank: ANZ
- Account Name: MSIG Premium
- Account Number: 06-0101-00857177-002
Policies sold prior to this date should continue to be paid into the existing account. No changes are required for direct debit or credit card payments.
For questions regarding agreements, agents can contact their Account Manager or email: agencyagreement@allianz-assistance.co.nz.
For payment queries, email: AGANZ.AR@allianz.com.