The arrangement is the latest in a series of partnerships since the companies signed a global strategic partnership agreement in 2008.
Allianz Corporate Partner has introduced innovative registration and claims handling websites, specifically for First Direct's customers, underlining the company's commitment to the partnership and desire to be the insurer of choice for HSBC Group in the UK.
Phil Carr, new business manager for Allianz Corporate Partner, said:
"We are delighted that First Direct has selected us as the company best able to provide them with the product and levels of service they require. This partnership is a huge achievement and demonstrates the strength of our proposition and desire to be the number one preferred strategic partner for HSBC group in the UK.
"We are excited about the innovations we have implemented for First Direct's customers and are confident we can support them at every level to grow this account."
Sarah Barraclough, segment manager, First Direct, added:
"Allianz won the tender based upon their understanding of the First Direct brand and our commitment to customer service. This, along with their demonstration of product innovation and Allianz's open approach to doing business, made the decision a very easy one."
