Follow Allianz Insurance plc

Allianz research reveals 69% of motorists would accept a green car part to help the environment

Press release   •   Oct 25, 2019 09:44 BST

Nick Rossiter, motor damage strategy manager, Allianz Insurance

Independent research commissioned by Allianz Insurance found the majority of motorists (69%) would choose the option of a green replacement part to repair their vehicle with protecting the environment given as the main reason (77%).

But there are some people who need to be persuaded it’s a good idea (24%) and a hard core (6%) for whom it simply isn’t an option.

Allianz commissioned the research of 250 motorists as part of their drive to strengthen the company’s focus on delivering a more sustainable claims culture.

Nick Rossiter, motor damage strategy manager at Allianz Insurance said:

“We wanted to see how receptive motorists would be to using green parts in the repair of their vehicles and it’s encouraging to see so many are positive about the idea. The next step is to run a trial where undamaged or reusable components from end-of-life accident damaged vehicles are used to help reduce the avoidable waste of perfectly reusable car parts.”

The survey also confirmed that vehicle repairers can play a positive role in the take up of the initiative with over half of motorists looking to repairers to offer a green part when discussing the repair to their vehicle.

Nick Rossiter added:

“Recycled parts are not a new concept, but there has been a clear societal shift and more people are receptive to choosing environmentally sustainable solutions. Other benefits to using green parts include reduced repair costs which could help reduce the pressure on claims inflation and can prevent delays in the repair process when new parts are not immediately available”.

“It’s interesting our survey revealed a quarter of people were unsure about accepting a green part, with 6% of motorists saying they wouldn’t accept one at all. Sometimes the term recycled parts has been used, which may have caused concern about how safe the parts are. Second-hand doesn’t mean second-rate. Green parts are subject to strict inspections and Allianz will not be using any parts that are safety critical. This clearly demonstrates that more education and information should be available to highlight the benefits green parts can bring. We look forward to starting the trial and learning from the results.”

Ends


Notes to editors:

Independent research was carried out by One Poll from 1st October – 10th October 2019. 250 UK motorists were surveyed to get their opinions on green car parts.


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 92 million retail and corporate customers. Allianz 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 is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 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 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.

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

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting 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, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

Comments (0)

Add comment

Comment

By submitting the comment you agree that your personal data will be processed according to Mynewsdesk's Privacy Policy.