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Allianz refreshes motor fleet and small fleet products

Press Release   •   May 08, 2018 11:24 BST

Jonathan Dye, head of motor insurance

Following extensive market research and customer feedback, Allianz Insurance has refreshed its motor fleet products to provide customers with new covers, enhanced limits and access to additional risk management services.

Now available for any policies incepting or renewing on, or after, 1st June, the revamped products are available for small fleets (4-14 vehicles) and larger fleets of 15 or more vehicles. Traded through the Allianz branch network they’re supported by Allianz’s dedicated motor claims team and approved repairer network.

Going beyond the traditional insurance offering, customers also gain access to a wide range of services including risk management guidance, business and legal helplines and discounted services from preferred suppliers.

Recognising the increasing use of risk management technology in fleets, businesses will now have cover for in-vehicle safety technology such as dashcams. Other new features include cover for misfuelling and child seats, as well as pay-on-use breakdown.

Enhancement limits include:

  • Third party property damage – caused by vehicles other than private cars £10m (previously £5m)
  • Replacement locks – unlimited cover if vehicle keys have been lost or stolen (previously £1,000)
  • Personal accident – £10,000 indemnity per incident (previously £5,000)

The refresh also launches Allianz’s partnership with DriveTech, part of the AA, giving customers access to discounts on various risk management services, including online and on-road driver assessments and training. In addition to traditional solutions, DriveTech’s visionary approach to technology provides Allianz customers with the opportunity to gain a better understanding of their telematics data and how advancements in technology can help them operate their fleets more efficiently – driving costs down.

Jonathan Dye, head of motor insurance, commented: “Our motor fleet products are underwritten by award-winning technical experts and are traded through our nationwide branch network. This means we can deliver local market knowledge and build long-term relationships with our brokers. We’ve listened to our customers and believe the enhancements we’ve made to our products demonstrate the importance of this class of business to us and our commitment to delivering a market-leading broker and customer experience.”

ENDS

Notes to editors:

For further details regarding the motor fleet products please visit www.allianzebroker.co.uk

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers. Allianz Group customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz Group is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

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