In Spain, Santander unveils an online brokerage facility for motor insurance. The Santander bank has launched the online brokerage service (‘Superbuscador‘) for selling motor insurance through both its 3,000 branches and its website to guarantee the most competitive price available from a panel of seven underwriters: AXA, Caser, FIATC, Groupama, Liberty, Pelayo and Reale. Its objective for 2012 is to sell 60,000 policies by means of this facility with a similar service earmarked for its operations in Latin American countries where online broking and aggregation are also believed to be developing rapidly.
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