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EXCELLENT GROWTH AND STRONG PROFIT IN A YEAR OF INVESTMENT FOR ALLIANZ

Press Releases   •   Feb 27, 2015 09:00 GMT

Business Highlights: • Strong financial performance with 12% growth • A year of significant investment • 450 new jobs created in the UK • Approximately 500,000 more policies in force than in 2013 • Brand recognition doubled since 2013 • On target to deliver long term profitable growth plans

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HALF OF SMOKERS DISTRACTED BEHIND THE WHEEL

Press Releases   •   Feb 23, 2015 11:26 GMT

With the new smoking ban for motorists set to come into effect from October, Allianz Insurance has found that almost half (47%) of drivers who smoke admit that they have been distracted by smoking behind the wheel.

The majority of drivers who smoke (67%) acknowledge that it does affect attention levels and, as a result, half of those polled (52%) support a complete ban to stop drivers and passengers smoking – this legislation is an important step on a journey to safer roads.

With a third of motorists (34%) not knowing what the upcoming smoking ban in cars involves, Allianz Insurance wants to raise awareness to help drivers be more focused behind the wheel.

Allianz Insurance found that Brits rated smoking behind the wheel just as distracting as eating (34% / 33%) and twice as distracting as using a sat nav (17%). According to the research, the top five driving distractions are[i]:

1.Speaking on a mobile phone (82%)

2.Messing around with the radio / music system (52%)

3.Smoking (34%)

4.Eating (33%)

5.Loud Passengers (19%)

Tim Pitts, Allianz’s road safety expert, said: “The new law prompted us to look at whether drivers felt that smoking when they were driving was a distraction and the research results suggest a large number of them do. We hope smokers will think twice about smoking when driving.

“Distracted driving has been front of mind for us for many years and we know that eating, drinking or smoking behind the wheel increases the risk of an accident by 150%[ii]. Today’s research shows that mobile phones are the biggest in-car distraction, but we know from previous tests we’ve undertaken that holding a cigarette is as distracting as holding a mobile when driving.”

The new legislation will affect drivers and passengers who smoke with under-18s in the car, but a third of UK motorists (34%) have not heard of the ban or what it involves. On average, drivers smoke three cigarettes a week with minors in the car, adding up to 156 cigarettes each year. A third of drivers (34%) are also not aware that they could face fines of up £800 for breaking the ban, and a fine of £10,000 should their passenger smoke.

For more information on Allianz Insurance, please visit: allianz.co.uk

ENDS

About the research

This survey was carried out on behalf of Allianz Insurance by OnePoll Research, who interviewed 2,000 people between 26 and 29 January 2015.

About Allianz

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, one of the leading integrated financial services providers worldwide and the largest property and casualty insurer in the world. With approximately 142,000 employees worldwide, the Allianz Group serves approximately 78 million customers in more than 70 countries.

The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth.

About the upcoming ban

In February 2014, Parliament voted in favour of legislation that gave the Secretary of State powers to bring forward regulations to make private vehicles carrying children smokefree. These regulation-making powers are at Section 95 of the Children and Families Act 2014.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/329885/Smoking_in_cars_carrying_children.pdf

For further information contact:

Lauren Hunt-Morgan/ Helen Braddock Consolidated PR

Tel: 020 3697 4386/ 020 3697 4320

Email: Lauren.Hunt-Morgan@consolidatedpr.com / Helen.Braddock@consolidatedpr.com

[i] Respondents selected their top three most distracting things when driving

[ii]Eating, drinking or smoking increases the risk of a traffic accident by one and a half times, according to Allianz http://knowledge.allianz.com/search.cfm?1861/road-safety-distracted-driving

With the new smoking ban for motorists set to come into effect from October, Allianz Insurance has found that almost half (47%) of drivers who smoke admit that they have been distracted by smoking behind the wheel.

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ALLIANZ COMMERCIAL TO ADOPT INSURANCE ACT REFORMS WITH IMMEDIATE EFFECT

Press Releases   •   Feb 19, 2015 12:11 GMT

The Insurance Act 2015 reform is one of the largest overhauls in the insurance market for over a century. Allianz Commercial is pleased to announce that it will be going above and beyond the actions required and intends to adopt the reforms with immediate effect.

Although insurers have been given the option to opt out or embrace these changes by August 2016, Allianz has made a decision to better serve its customers by implementing them now. All customers* will benefit from the following changes immediately:

  • warranty free policies
  • conditions precedent will only be invoked if a breach has contributed to the loss
  • basis clause removed from policies.

In addition, Allianz has issued a market statement which sets out clear guidelines explaining the difference between innocent, deliberate or reckless non-disclosure and the remedies available to them. Although the Act does not come into force until August 2016, Allianz Commercial will handle claims as if the Act already applies, giving customers a truly transparent and fair service. The insurer has started changing policy documentation to reflect the reforms.

Neil Clutterbuck, director underwriting and technical, Allianz Commercial, commented: “We are pleased to announce that we will be embracing the Insurance Act reforms immediately. These changes will bring the market into the 21st century by rebalancing rights and remedies when things go wrong.

“It will also provide the opportunity for insurers who already demonstrate best practice in these areas to stand out from the competition. For example at Allianz, we already dedicate significant time and investment to the underwriting process and adequate risk assessment prior to inception.”

He added: “These changes are an important step towards improving industry practice and delivering greater transparency and a fairer outcome for policyholders."

ENDS

1. 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 83 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 2013, around 148,000 employees in over 70 countries achieved total revenue of 110.8 billion euros.

2.   * Where Allianz participates in a co-insurance arrangement, Financial Lines (Professional Indemnity or Directors & Officers cover) or underwrite using a non-Allianz branded policy it will seek to apply the spirit of the Act, until policy documentation can be amended.

Allianz Commercial is pleased to announce that it will be going above and beyond the actions required and intends to adopt the reforms with immediate effect.

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ALLIANZ BOOSTS REGIONAL COMMERCIAL TEAMS WITH THREE NEW APPOINTMENTS

Press Releases   •   Feb 18, 2015 15:13 GMT

​Allianz Commercial is pleased to announce that it is strengthening its regional presence with the appointment of three new regional underwriting managers in the North, North West and the South East.

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ANDREW TORRANCE TO TAKE UP NON-EXECUTIVE DIRECTOR POSITION AT ALLIANZ HOLDINGS PLC

Press Releases   •   Feb 11, 2015 10:32 GMT

Allianz is pleased to announce the appointment of Andrew Torrance as a non-executive director of Allianz Holdings plc.

Andrew Torrance first joined Allianz Insurance as general manager of its Broker Division in 1999 and went on to serve as the company’s chief executive from 2003 to 2013.  He then moved to the USA where he served as president & CEO of Fireman's Fund, Allianz's local property and casualty insurer, until the end of last year.

Welcoming Andrew back to the Board of Allianz Holdings plc, chairman Axel Theis said:

“Andrew has a huge amount of experience and a highly successful track record in the insurance industry.  He is highly respected in the market and his insight and expertise will strengthen our Board.  I look forward to working with him in the future.”

Jon Dye, CEO of Allianz Insurance plc, added:

“Andrew and I worked together for 10 years at Allianz and I have seen first-hand the value that he brings to the business.  We have ambitious growth plans and I can think of no better person than Andrew to help advise and guide us in these exciting times.”

The appointment is subject to receiving regulatory approval.

ENDS

For further information contact:

David Keel, head of communications, Allianz Insurance plc

Tel: 01483 552718
Mob: 07771794978
Email: david.keel@allianz.co.uk

Notes to Editors

1.  Allianz Holdings plc controls the principal insurance operations of Allianz SE in Great Britain.  Through its subsidiary companies, Allianz Holdings is one of the country’s leading general insurance groups.

2.  The Allianz SE Group is the largest property and casualty insurer worldwide. Around 83 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 2013, around 148,000 employees in over 70 countries achieved total revenue of 110.8 billion euros.


Allianz is pleased to announce the appointment of Andrew Torrance as a non-executive director of Allianz Holdings plc.

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ALLIANZ COMMERCIAL STRENGTHENS PROPERTY AND CASUALTY PORTFOLIO

Press Releases   •   Feb 04, 2015 10:23 GMT

Allianz Commercial has promoted Catherine Dixon to the position of head of property and casualty.

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ALLIANZ ANNOUNCES EXCLUSIVE PARTNERSHIP WITH VEREX GROUP

Press Releases   •   Feb 02, 2015 10:04 GMT

​Allianz has today announced that it has been selected by Verex Group as its chosen motor insurance partner.

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ALLIANZ ENGINEERING SPARKS CHANGES WITH THREE NEW APPOINTMENTS

Press Releases   •   Jan 28, 2015 10:08 GMT

Allianz Engineering has expanded it team of Area Technical and Operations Managers (ATOMS) with three new management appointments.

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ALLIANZ LAUNCHES BESPOKE INSOLVENCY FUNDING SOLUTION

Press Releases   •   Jan 28, 2015 09:00 GMT

Allianz Legal Protection and Irwin Mitchell Solicitors have developed a bespoke After the Event (ATE) Insurance solution for insolvency practitioners. The solution developed by Allianz Legal Protection and Irwin Mitchell, entitled Support4Dispute enables insolvency practitioners to more easily pursue litigation following an administration, liquidation or bankruptcy.

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AFTER THE EVENT INSURANCE –"RIGHT FOR ME, HASSLE FREE”

Blog posts   •   Jan 26, 2015 17:11 GMT

Since the Jackson reforms of 2013, After the Event Insurance has, and continues to be suffering from something of an identity crisis. Steve Rowley reflects on the subject in his first blog of 2015.

Contacts 4 contacts

  • Press Contact
  • Communications Officer
  • amy.yorston@allianz.co.uk
  • 01483 552632
  • 07794266474

  • Press Contact
  • Communications Officer
  • david.moore-crouch@allianz.co.uk
  • 01483 405742
  • 07711021748

  • Press Contact
  • Group Communications Manager
  • maakrk.bishop@duypcrayaltjlijzgeanz.qwcoppquht.uk
  • 01483 552731
  • 07802 925053

  • Press Contact
  • Senior Communications Officer
  • siangj.gwsxdletcnnhpaganeke@tqalyzlianz.jinocozd.uk
  • 01483 465 227
  • 07715 160 700

About Allianz Insurance

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.

Address

  • Allianz Insurance
  • 57 Ladymead
  • GU1 1DB Guildford