2.1 We have a broker incentive/override agreement in place with Aetna International. Will you continue to honour this so? We hope to be in a position to transition the agreement you currently have in place with Aetna International. We’re happy to receive and review the agreement you have with Aetna International, at which point we can discuss the details with you.
2.2 Will existing Preferred Partner Agreements (PPAs) with Aetna International be honoured? Yes. We will work closely with you to ensure a successful transition of your clients to Allianz Partners and to leverage future growth opportunities. Extensive product mapping has been completed to ensure we can minimise or eliminate any changes. 2.3 Will commission rates change? No. The commission levels agreed with Aetna International will remain unchanged and will be applied to business transferred to Allianz Partners. 2.4 Who will make commission payments? Once the client has transitioned, Allianz Partners will pay commission on all premiums from the transition date. Aetna International will take care of calculating and paying any commission due before the transition date. 2.5 We plan to conduct a market review at renewal. Is there any incentive to reward brokers for transferring a high percentage of their business over to Allianz Partners rather than to another insurer? We believe the transition from Aetna International to Allianz Partners offers the best value and simplest option for your clients at renewal. Allianz Partners will make the move as seamless as possible and your clients will enjoy high levels of service combined with competitive premiums. 2.6 Will you offer two year fixed rates? No. Given the current global economic volatility and high levels of inflation, we don’t believe multiple year premiums are in the best interests of our clients as they require higher upfront premiums for the duration of the agreement.
2.7 Will we match the Aetna International terms, administration, fronting and commissions on the corporate business? Overall we seek to match terms. We have assessed all products shared including a comparison of benefits, rules and exclusions. The general view is that we will be offering richer terms. There will of course be the odd exception but this is the plan.