Argyle Insurance and Mitsui Sumitomo Insurance collaborate to expand SME business insurance capacity in Australia

New partnership to provide enhanced coverage and innovative product offerings for Australian small and medium-sized enterprises

Above L-R: Anthony Day, Argyle Managing Director and Co-founder, David Hall, MSI Australia Head of Distribution Oceania, Matthew Morgan, Argyle CEO and Co-founder, Tomoyuki Komagome, MSI Australia Branch General Manager, Kay Kurosawa, MSI Australia Head of Strategy Implementation, and Hajime Takeda, MSI Australia Chief Operating Officer.

Sydney - Argyle Insurance (“Argyle”) and Mitsui Sumitomo Insurance Co., Ltd (“MSI”), a member of MS&AD Insurance Group today announced a multi-year capacity agreement, marking the beginning of a strategic partnership to elevate business insurance solutions for Australian SMEs.

This collaboration will allow Argyle to offer a business insurance package with an extended combined limit up to $7 million, effective from 1 January 2025, to meet the unique needs of small and medium-sized enterprises in the competitive Australian general insurance market.

Anthony Day, Managing Director and Co-Founder of Argyle said: “Mitsui Sumitomo Insurance is a well-respected provider with an excellent reputation. The partnership will enable us to continue to offer an outstanding proposition to our distribution partners and their customers.”

Since its inception in September 2022, Argyle has made strides in delivering contemporary business insurance, working with select brokers partners nationwide. This new partnership is set to empower Argyle’s distribution network with advanced solutions tailored to the evolving needs of Australian SMEs.

“By integrating our technologies in this partnership, we are creating a seamless platform for broker distribution and operations, allowing for faster analysis and improved communication. Together, we are set to drive significant advancements and establish new industry standards, unlocking significant growth opportunities,” commented Tomoyuki Komagome, General Manager of MSI Oceania branch.

“This collaboration underscores our commitment to supporting SMEs in Australia through our intermediated distribution partners,” expressed Matthew Morgan, CEO and Co-Founder of Argyle. “We are very excited to explore all opportunities in the Australian market, as we embark on the next phase of our growth journey alongside MSI.”

About Argyle Insurance
Argyle is a true digital underwriting agency with technology to meet customers’ changing insurance requirements. Argyle’s strength comes through innovation. Argyle’s vision is to be the first to connect brokers and customers and bring to the market the most up to date pricing and risk selection, through technology. Argyle will make it easier for both brokers and customers to not only transact but remain connected and engaged through a suite of tools to interact in more meaningful ways. Argyle launched in September 2022 with an up-to-date business insurance package, built in conjunction with LMI, that is designed specifically for SMEs, with the most up to date wording. Argyle quotes on businesses operating across 600+ different occupations. To learn more about Argyle Insurance offering in Australia, visit www.argyleinsurance.com.