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Allianz Commercial has today launched its new General Manufacturing proposition to the UK broker market. The second in a suite of tailored mid-corporate propositions, the offering provides bespoke cover and services tailored to the individual needs of general manufacturing businesses.
Allianz Legal Protection will be publishing a series blog posts reflecting on their market and the changes that have taken place over the last year. The second blog is written by Phil Ruse, Head of Legal Protection Sales and Distribution.
Allianz is giving competition winners, Mollie Aspinall and Zachary Henderson, the opportunity to attend the sixth Allianz Junior Football Camp, which will be held in Munich from 20-25 August.
Allianz Insurance has opened its Technical School Leaver programme for the fourth year running to give students with A-level qualifications the opportunity to work within its Retail division.
Allianz Engineering has expanded its team of Area Technical and Operations Managers (ATOMS) with five new appointments.
A strong performance in Q2 saw Allianz’s growth accelerate, with GWP of £1093.4m putting the company 9.7% ahead of 2013 at the half year. Our overall Operating Profit rebounded after a first quarter hit by very poor weather and is virtually back on plan at the end of Q2.
LASPO! There I’ve said it. I believe everyone has now crawled out of their Jackson proof bunkers and realised that there is life out there and that there is a continuing need for Personal injury lawyers, but it just isn’t quite the same as it was pre April 2013. New challenges arise and one of those facing PI lawyers is that of having to now explain what an ATE policy does, why it is right for the client and how much it is going to cost the client a the end of their legal case.
This has now given rise to the cry “We have to act in the client’s best interest and give best advice, that means we have to look at the cheapest premium” If I’ve heard those words tumble from a solicitors mouth once I’ve heard it a thousand times “So is price the main consideration when talking to a client about an ATE policy?
Certain case types can take years to settle, what if that insurer or cover holder is no longer around when you come to call on the policy? Well they were the cheapest at the time. Is that best advice?
The cover holder has changed insurer since I took out the policy now there is no relationship and they are playing hardball on the claim. Well they were cheapest at the time. Is that best advice?
The insurance policy I recommended at the time is nearing its limit of indemnity and the insurer is unable or unwilling to “Top Up” the policy but they were cheapest at the time. Is that best advice?
I could go on but why labour the point!
Best advice around an ATE insurance policy should consider a number of factors, price being one.
If you can answer yes to all of those questions and price is competitive but not the cheapest aren’t you providing best advice?
A friend of mine says “You get what you don’t pay for”. This can be true of the ATE policy you are recommending to your client. Make sure it is fit for purpose and will be there when called upon
Price is certainly a part of the game but surely it is only part of the answer.
Author: David Vine
Business Development Manager
Allianz Legal Protection will be publishing a series blog posts reflecting on their market and the changes that have taken place over the last year. The first blog is written by David Vine, business development manager.
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.
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