Renewal ARCA
Strategic bancassurance partnership in Life and Non-life sectors with BPER Banca Group and Banca Popolare di Sondrio extended up to 2022.
Unipol Gruppo S.p.A., BPER Banca S.p.A., and Banca Popolare di Sondrio S.c.p.A. have renewed in advance their strategic bancassurance partnership in the Life and Non-Life sectors, which started in 2009 and was set to expire on 31 December 2019.
Such renewal aims to consolidate and develop the bancassurance activities carried out by the Unipol Group through Arca Vita and Arca Vita International (operating in the Life sector), as well as Arca Assicurazioni (operating in the Non-Life sector), in order to expand and innovate the insurance supply of the partner banks, also thanks to the contribution of Unipol Group’s technical and insurance expertise.
The agreements signed today will have a five-year term, effective from 1 January 2018, and will be further renewable by agreement between the parties.
As a result of the signature of the new agreements, Arca has strengthened its role as the benchmark bancassurance platform for the Unipol Group, with a distribution network of around 3,000 banking branches.