Allianz has launched an enhanced commercial motor trade proposition as part of an ambition to profitably grow its motor trade business and establish itself as the number one motor trade insurer in the UK.
Following research among its broker and customer base, the insurer has refreshed its entire motor trade product suite, specifically designed to meet the needs of SME and Mid-Corporate customers. It has also enhanced its exclusive products for members of the Retail Motor Industry Federation (RMI), the UK’s leading automotive trade body.
The proposition is designed to meet both new and traditional challenges in an increasingly competitive market, where motor traders are experiencing an increased dependence on expensive modern technology, as well as more responsibility for safeguarding employees.
Allianz’s new motor trade product suite offers a range of new covers and services including enhanced rectification cover, Engineering breakdown cover for diagnostic equipment and exclusive discounts for MOT Tester Training courses for their customers.
Mark Ashwood, motor trade manager at Allianz, said:
“The UKs motor trade industry is thriving, generating more than £140bn of all UK turnover. Having provided motor trade insurance for the past 35 years, we are well-established in the sector and we have a strong appetite to grow.
“We’ve listened to our customers and are confident that our wide range of enhancements to cover and services will provide our motor trade customers with the all protection they need.”
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.
Around 85 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.
In 2015, over 142,000 employees in more than 70 countries achieved total revenues of approximately 125.2bn euros.