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ALLIANZ APPOINTS FRAUD MANAGER

Press Releases   •   Aug 25, 2016 10:14 BST

Allianz Insurance is pleased to announce the secondment of Mark Merrix to fraud manager.

Following his secondment, Mark will be primarily responsible for identifying and managing fraud risks across Allianz's Claims division. He will play a vital role in formulating a wider corporate anti-fraud strategy, implementing new initiatives which will protect customers from the impact of insurance fraud.

With this role, Mark will manage Allianz’s head office fraud operation as well as the performance of Allianz Claims Validation Teams and Organised Fraud Units located across a number of sites in the UK.

He will also extend his focus to both the technical and operational claims management across all lines of business and represent Allianz at a number of industry working groups. He will combine this role with his current responsibility of managing occupational disease.

Mark has worked at Allianz for over 23 years, progressing through the organisation. He has held a variety of technical and operational roles within the claims division and gained extensive knowledge of claims management across all lines of business.

Sarah Mallaby, head of technical claims, Allianz said:

“Mark has a wealth of knowledge and experience that will be invaluable in leading our Fraud review. It is testament to the strength of our technical management team that we are able to flex our talented technical team to meet business opportunities”.


ENDS

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.

Allianz Insurance is pleased to announce the secondment of Mark Merrix to fraud manager.

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ALLIANZ RENEWS ITS RELATIONSHIP WITH RMI

Press Releases   •   Aug 18, 2016 10:31 BST

Allianz Insurance has reinforced its commitment to the motor trade sector by extending its relationship with the Retail Motor Industry Federation (RMI), the UK’s leading automotive trade body.

The RMI is the voice of retail motor industry large, medium and small businesses and has been a major opinion former and influencer in motor trade matters since 1913.

Allianz and the RMI have worked together for over 25 years, combining their technical expertise and knowledge to design and produce propositions that fulfil the needs of motor traders.

As part of the renewed relationship, they have collaborated to enhance Allianz’s exclusive RMI proposition that specifically addresses the needs of its members.Further to the cover offered under Allianz’s Motor Trade Select and Complete products, and the existing RMI enhancements, RMI members can now also benefit from access to the following additional covers:

  • Replacement of damaged machinery and plant with green friendly models – £250,000 limit.
  • Exhibitions cover – £25,000 limit within UK and EU, subject to fire, explosion and aircraft (FEA) for EU cover only.
  • Personal accident assault and victim care – benefits of up to £30,000 paid for an accidental bodily injury as a result of theft or attempted theft resulting in death or disablement.
  • Essential personnel – cover for death or permanent disablement of an essential person, which interrupts your business activities – £25,000 limit, any one claim.
  • Public relations expenses - cover up to £10,000 for additional expense incurred to deal with press and public announcements following an interruption to the business.
  • Fines and damages - cover up to £10,000 for fines or damages resulting from not being able to fulfil a contract.

Mark Ashwood, motor trade underwriting account manager, Allianz Commercial & Personal, said:

“We’re very proud to be associated with the RMI. Producing propositions that meet the evolving needs of our customers is key, it’s great that we can work together to achieve this”.

“We have a strong desire to grow our RMI business and look forward to working with the RMI to achieve this”.

Stuart James, RMI Director added:

“Working alongside Allianz has proven to be extremely beneficial due to the product being tailored specifically to the type of activity our members carry out and over the years when a situation has arisen, the Allianz product has supported the business in the way we would expect".

For more information about Allianz’s Motor Trade offering please visit: https://www.allianzebroker.co.uk


ENDS

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.

Allianz Insurance has reinforced its commitment to the motor trade sector by extending its relationship with the Retail Motor Industry Federation (RMI), the UK’s leading automotive trade body.

Read more »
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ALLIANZ MAINTAINS ITS STRONG PERFORMANCE IN 2016

Press Releases   •   Aug 05, 2016 14:30 BST

Business Performance - Key Points

  • Excellent 37% profit growth over the previous year
  • Combined Operating Ratio (COR) improves by 1.7%
  • Gross Written Premium down over same period last year as expected

Company Results                                              HY 2016                            HY 2015

  • Gross Written Premium                                £ 1,098m                           £ 1,138m
  • IFRS Operating Profit                                   £   86.9m                           £   63.6m
  • Combined Ratio                                                 96.3%                                98.0%

Statement from Chief Executive Officer, Jon Dye

Allianz has delivered a strong underwriting performance despite the extremely challenging market conditions.

At the half year point, the Commercial Lines GWP stood at £578.0m, up 0.9% over the same period last year. Growth has slowed during the second quarter but this reflects the prevailing market conditions and our appetite to trade remains strong. The 91.2% COR is an improvement of 4.0% over the previous year and this is an outstanding result.

The Engineering business has delivered top line growth and a strong underwriting performance and recently announced three senior underwriting appointments to grow its construction portfolio.

The Personal Lines business delivered a GWP of £520m at the half way point which is down 8.0% on the previous year because of the need to address the issues in our private motor book. The COR has reduced to 99.9%, an improvement of 1.3% compared to the first quarter of this year and 2.7% compared to the half way point in 2015.

Petplan, Legal Protection and the Musical Insurance business have all delivered a strong financial performance. The world’s largest animal health insurance provider, Petplan, now has 1.3m customers and continues to grow at around 10% year-on-year at a strong level of underwriting profit.

As I have reported previously, true customer centricity is at the heart of Allianz’s Renewal Agenda so I am pleased to report a number of initiatives during the first half of the year that demonstrate our focus on delivering for our customers.

In January the business announced that it was removing the average condition when settling claims for SMEs and clarifying what constitutes fair presentation of risk. These steps are designed to provide both fairness and transparency for end customers as well as simplifying the situation for our broker partners. I am pleased to report that the feedback from the broking community has been overwhelmingly positive.

We have been able to build on the decision to remove average by recently announcing a new data sharing initiative to help reduce the 40% of SMEs that are underinsured. Using internal and external data, Allianz is able to identify SME customers that have insufficient cover and we are proactively contacting brokers to alert them of their customers’ position.

Many businesses now consider cyber crime as the biggest operational and reputational threat they face. In another move designed to help customers, Allianz has partnered with a cyber security consultancy to provide a free online cyber risk assessment tool. Based on the government’s own equivalent assessment which costs £300 for businesses to use, Allianz’s risk management website for customers, Risk Director, provides a tailored cyber security report enabling businesses to apply for official Government certification.

The business launched a range of new products during the first quarter and this has been followed by further proposition activity in the second quarter. One example, is the online marine cargo proposition designed for SMEs and Mid Corporate businesses which is now available on the e-trading platform QuoteSME.

Finally, research with brokers has led to the launch of an enhanced Motor Trade proposition to support the ambition of becoming the number one insurer in the UK in this class. The UK motor trade is thriving so we have high hopes for this proposition.

May was a momentous month for the Allianz sponsored Saracens Rugby team, winning both the 2015/16 Premiership and European Champions Cup. This is truly outstanding achievement and my congratulations go to the Chairman and owner Nigel Wray, the Director of Rugby Mark McCall and his coaching team and most of all to the players who have been nothing short of phenomenal.

The prospect of watching the ParalympicsGB team compete at the Rio Paralympics from 7 September is very exciting, and our partnership with the British Paralympic Association means that many of our employees have already had the privilege of meeting some of the Paralympians competing.

Allianz is sponsoring the Paralympic sports coverage on Channel 4 throughout the whole of 2016 and through watching the achievements of the Paralympians taking part I hope that many people will feel motivated and dare to believe that they too can overcome their own challenges and reach their goals.

The first six months of this year have seen a combination of change and consistency. The change has come in the decision to restructure the business around one trading team, Commercial and Personal, and withdraw from the direct home and motor market. We have moved through this change process quickly starting with the mid-April announcement to having a revised governance structure in place on 1 July. I would like to thank my colleagues for their hard work and dedication during this process and offer continued support to those people who have been adversely affected.

The single trading division focus is already starting to deliver on our expectations with the more joined up approach opening up a number of business opportunities with brokers.

Focussing on and delivering profit is a consistent year in and year out objective for this business. I am pleased that we have achieved this in the first half of the year during a period of considerable change. There is still plenty of work to do but I am confident that we have the clarity of focus, the structure and the people in place to make 2016 a successful year for the business.

Jon Dye

Chief Executive

ENDS

Media Notes:

  1. A media telephone conference call briefing with CEO Jon Dye will take place at 2:30pm on Friday 5 August.
  2. 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

  3. Media Contact:

    Mark Bishop, Corporate Communications Manager,

    Tel: 01483 552731/Mobile 07802 925053/email: mark.bishop@allianz.co.uk

Business Performance - Key Points • Excellent 37% profit growth over the previous year • Combined Operating Ratio (COR) improves by 1.7% • Gross Written Premium down over same period last year as expected

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ALLIANZ ENGINEERS STEP UP TO THE CHALLENGE FOR CHARITY

Press Releases   •   Jul 27, 2016 11:26 BST

180 Allianz Engineering employees have completed a relay walk across the UK in a bid to help achieve Allianz UK’s target of raising over £1 million for the Association of Air Ambulances Charity (AAAC) in three years/ by 2018.

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BUS DRIVER’S ACCOUNT GOES UP IN SMOKE AS CASE IS DISMISSED FOR FUNDAMENTAL DISHONESTY

Press Releases   •   Jul 25, 2016 10:51 BST

Finding of fundamental dishonesty against the claimant. Allianz has been successful in obtaining a finding of fundamental dishonesty, after a judge dismissed a bus driver’s claim and ordered him to pay indemnity costs of the defendant.

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CRASH FOR CASH FRAUDSTERS RECEIVE PRISON SENTENCE

Press Releases   •   Jul 21, 2016 16:56 BST

Today Allianz is celebrating the successful prosecution of four fraudsters who have been handed prison sentences of six months each for their part in a 'crash for cash' scam.

Igor Kartel, Dianna Kartel, Valentina Kartel and Piotr Kartel had claimed over £30,000 for whiplash compensation following a rear-end collision in 2012, involving a lorry driven by an Allianz customer.

Allianz’s investigation proved that Dianna Kartel had deliberately braked in order to cause the accident. In addition, a photograph taken at the scene showed that Piotr Kartel was not in the car at the time. Allianz rejected the claims on the basis of fraud.

His Honour Judge Godsmark QC, found all four claims were fraudulent at the original trial in August 2015, describing the evidence given by all four claimants as “lies”. He commented: “Those proven and fundamental lies mean that I cannot accept the evidence of any of the Claimants in this case, not only as to who was in the car but as to the circumstances of the accident and claims of injury”.

Allianz asked the Court for permission to bring committal proceedings against them, which were given due to the seriousness of the lies told in Court by the claimants to support their fraud.

At Nottingham District Registry today, Igor Kartel, Dianna Kartel, Valentina Kartel and Piotr Kartel, who reside in London, were each given prison sentences for the duration of six months.

Tony Newman, head of motor claims at Allianz, said: "This is a fantastic result and sends a clear message. Allianz has a zero tolerance to fraud, and we have both specialist teams and sophisticated tools at our disposal. We will find fraudsters and they can expect to face criminal prosecution.

He added: ‘This case demonstrates that the consequences of fraud can be severe and life altering. We hope that the severity of this sentence will deter fraudsters from committing similar crimes in future and as a result protect honest policyholders”.

Georgia Court, counter fraud partner at DAC Beachcroft acting for Allianz, said: "For the court to impose four such lengthy sentences should send a very clear warning to those thinking of making fraudulent claims that the consequences of their deception can put them behind bars."

ENDS

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.

Today Allianz is celebrating the successful prosecution of four fraudsters who have been handed prison sentences of six months each for their part in a 'crash for cash' scam.

Read more »
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ALLIANZ ANNOUNCES TECHNICAL SENIOR MANAGEMENT TEAM

Press Releases   •   Jul 21, 2016 10:00 BST

Allianz Insurance has made four key senior management appointments to its newly formed Technical division, led by chief underwriting officer, Neil Clutterbuck.

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ALLIANZ LAUNCHES NEW INITIATIVE TO TACKLE UNDERINSURANCE FOR SMEs

Press Releases   •   Jul 20, 2016 09:30 BST

Allianz Insurance plc has introduced a new data initiative which aims to reduce the number of SMEs which are uninsured.

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ALLIANZ REFRESHES MOTOR TRADE PROPOSITION

Press Releases   •   Jul 08, 2016 09:25 BST

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.

.

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.

Read more »
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ALLIANZ ENGINEERING STRENGTHENS CONSTRUCTION UNDERWRITING TEAM

Press Releases   •   Jun 17, 2016 09:55 BST

Allianz Engineering has made some key investment into the strength and depth of its underwriting resources in a bid to grow and demonstrate its appetite within the Construction sector, with three key appointments.

Contacts 4 contacts

  • Press Contact
  • Group Communications Manager
  • mark.bishop@allianz.co.uk
  • 01483 552731
  • 07802 925053

  • Press Contact
  • PR Consultant
  • sian.glennane@allianz.co.uk
  • 01483 465 227
  • 07891 570995

  • Press Contact
  • Media Relations Officer
  • qiwvytamy.shfulsymufzjccqmujapyklryowvrsfhkvtooqn@alpllianguz.coyribxi.uk
  • 01483 552632
  • 07794266474

  • Press Contact
  • Media Relations Officer
  • charyplottdre.bowles1@vtallianz.co.udgqrk
  • 01483 465217

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