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ALLIANZ DRIVES THE WAY FORWARD WITH RIDELINK

Press Release   •   May 26, 2016 09:49 BST

Allianz Insurance has partnered with RideLink, the UK’s leading peer-to-peer car rental marketplace, to provide drivers with dedicated car-sharing insurance cover.

RideLink connects vehicle owners with nearby drivers who temporarily need a car. For owners, it offers a great way to generate extra money when their car isn’t being used – which, for an average UK motorist, is estimated to be up to 95% of the time. For renters, it offers a wider selection of cars than you would find at a traditional car rental agency, more conveniently located, at a competitive price.

The partnership between Allianz and RideLink enables both car owners and renters to be fully protected for the duration of the rental period. Allianz provides fully comprehensive cover for the duration of the rental, and this coverage extends beyond the UK to include driving throughout the EU. The arrangement also ensures that the owner’s existing insurance and no claims discount are unaffected in the event of an incident during the rental, providing valuable peace of mind.

Jonathan Dye, head of motor insurance, Allianz commented: “The sharing economy, and peer-to-peer transport in particular, is growing rapidly and is expected to fundamentally change the way consumers use short-term transport. New, innovative insurance solutions are needed to support this growth and ensure tailored insurance cover is available for the peer-to-peer community.

“This is a really exciting opportunity for Allianz to be at the forefront of providing innovative insurance solutions for customers in this growth segment.”

Alexander Stevenson, CEO of RideLink, added: “Insurance is key to enabling our service, and Allianz is leading the industry with specialised coverage that considers the many nuances specific to peer-to-peer car rental. Thanks to the geographic reach of the Allianz SE Group, we have also been able to expand our service to Spain and Germany, helping us ensure all our rentals are protected by the same market-leading coverage, whether in the UK or abroad.”

To find out more about RideLink please visit their website at https://ridelink.com

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.

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