Challenging two established industries was never going to be easy, so Simply Business and Aldermore Bank have joined forces, committing to share products and expertise.
Initially Aldermore Bank will be offering Simply Business backed insurance, whilst Simply Business will be pointing its customers to Aldermore’s banking services. There’s room for this relationship to grow though, both companies eager to build, measure and learn, meaning that they will offer more integrated and tailored products if customers demand.
Two innovative companies where customers are key, the partnership is aimed at improving the financial landscape for SMEs. With banking and insurance so often a struggle for the small business community, both companies are committed to changing things through increased cooperation, engagement and transparency.
Speaking on the partnership Ian Boden, Head of Direct - Group Mortgages at Aldermore said -
“We were seeking a tailored insurance solution for Aldermore customers and in Simply Business we found the perfect product. Like us they use constant feedback to tailor their creations and as such we’ll be constantly reviewing with them to improve the experience of customers.”
Elsewhere, Kate Nolan - Partnership Manager at Simply Business - was equally positive commenting -
“We are delighted to form a partnership with a brand that is known for doing things differently. At Simply Business we’ve recently launched our own Insurance Manifesto for Change, which shares the approach Aldermore are taking towards banking. We look forward to reviewing the feedback of Aldermore customers and tailoring insurance to fit their needs.”
A quick intro to Aldermore Bank
Aldermore launched in 2009, in the midst of the credit crunch, after our management team won the support of AnaCap, Europe's largest private equity investment advisor in financial services; experts in fast-tracking small businesses into leading brands in their sectors.
We focused on building a world class infrastructure to provide straightforward and competitive products and exceptional customer service to British consumers and small and medium sized businesses (SMEs).
Despite the recent economic challenges, we have continued to lend to British SMEs who we believe are the lifeblood of the economy. We believe that consumers and SMEs deserve better and we are putting more and more investment into delivering financial expertise that customers can trust, is totally transparent and a genuine alternative to other financial organisations.
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About Simply Business
Launched in 2005, Simply Business provides an online brokerage service delivering policies tailored to individual business requirements. It has a team of UK based insurance specialists and employs almost 300 people across offices in London and Northampton.
Simply Business provides insurance to more than 400,000 UK SMEs and landlords and owing to its internal underwriting capability can cover over 1,000 trade types. It has been a Sunday Times Tech Track 100 company for the past three years and was recently named in the Deloitte Technology Fast 500 EMEA. Revenues have grown from £4.2 million in 2006, to £25.4 million in 2014, and the company has been named 2015 and 2016 winners of The Sunday Times’ Best Company to Work For.