Following a soft launch on April 1st, Life5 will now provide 100% online life insurance solutions that do not require medical exams.
The initiative leverages the expertise of Allianz Global Life, a subsidiary of the Allianz Group, a global leader in insurance and asset management.
The move into Italy marks an important step in Life5’s European expansion. The company currently operates in Spain and France, where it serves more than 10,000 families.
Italian consumers will have access to customized life insurance products designed to simplify the process of securing financial protection. By utilizing online questionnaires and removing the need for medical exams, Life5 and Allianz Global Life aim to make life insurance more accessible and convenient for the Italian market.
Guillermo Alén, co-founder and CEO of Life5, expressed excitement about the collaboration, stating, “We are thrilled to partner with Allianz Global Life to bring our modern life insurance solutions to Italy. Together, we aim to provide Italian consumers with peace of mind and financial security, all through a simple and hassle-free online experience.”
The collaboration between Life5 and Allianz Global Life underscores Life5’s commitment to innovation and customer-centricity in the insurance sector. By combining Allianz Global Life’s industry expertise with Life5’s cutting-edge technology, the partnership is poised to set new standards for life insurance accessibility and convenience in Italy.
Source: Life5
