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ALLIANZ CELEBRATES TRIAL SUCCESSES IN FIRST QUARTER OF 2016

Press Release   •   May 03, 2016 10:08 BST

In the first quarter, Allianz Insurance won over 400 litigated claims involving casualty, motor and fraudulent claims with the total saving reaching £2.5m.

The successes include a number of fraudulent claims, resulting in two criminal convictions and the first finding of fundamental dishonesty in a disease case. The fraud trial wins alone have achieved the company savings of approximately £250,000.

Sarah Mallaby, head of technical claims, Allianz Insurance, commented: “We take fraud and spurious claims very seriously and have an extremely proactive approach towards protecting our customers against such claims.

“It is very important that genuine claimants receive fair and reasonable compensation as soon as possible, but where we suspect fraud or have concerns over whether our insured is to blame for an accident, we will investigate fully and defend all the way to trial if necessary. Ultimately if fraud is proven we will look to secure a criminal conviction, which may mean a prison sentence.”

ENDS

1. A photograph of Sarah Mallaby is available to download below.

2. For intermediary use only.

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.

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