Allianz Insurance has appointed Stephanie Smith and Jacob Abboud to its management board, to replace John Knowles who has decided to retire from the business. Stephanie Smith has been promoted to the role of chief operating officer (COO), effective from 1 January 2016. Jacob Abboud has joined the business as Allianz’s chief information officer (CIO).
The Insurance Fraud Bureau (IFB) will extend organised fraud detection into property and liability business lines from 2016, following sign-off on future strategy implementation plans from the Association of British Insurers’ General Insurance Council (GIC).
This morning has been a busy time for Allianz claims handlers dealing with customers affected by Storm Desmond. Here is an update on the current situation.
To all our customers who have been affected by the flooding we understand what a miserable experience it can be and we are here to help. If you need to speak to a Claims Handler urgently please call one of the following telephone numbers for help and advice: Direct Household: 0344 893 9608 Direct Car: 0344 893 9606 Commercial Property: 0344 412 9988 Commercial Motor: 0344 412 0074
Allianz UK has announced it has become an official partner of the British Paralympic Association (BPA). The new sponsorship agreement will start in January 2016, as the BPA’s preparations for the Rio 2016 Paralympic Games step up another gear.
Allianz Legal Protection (ALP) has won Personal Injury Insurance Provider of the Year at the Eclipse Proclaim Personal Injury Awards.
Allianz UK is proud to announce that its new charity partner is the Association of Air Ambulances (AAAC). Launching in February 2016, the partnership will initially last three years and Allianz employees have set themselves the target of raising £1million.
As part of the Allianz SE group, Allianz Insurance has received regulatory approval to implement an internal model to calculate capital requirements under Solvency II. This will allow Allianz to use the model for calculation of Solvency II capital requirements in major European markets, including in the UK, from the start of 2016.
Allianz Commercial has refreshed its Excess of Loss product, as part of a move to significantly grow its portfolio across casualty lines. The new offering will allow brokers to buy higher limits of indemnity than their current liability insurer may be willing to provide, allowing them to top-up the total level of cover.
Allianz Commercial has announced the appointment of Ross McCallum as distribution manager at its Woking office. In his new position Ross will manage the sales and development team and ensure that the local strategy delivers a first class insurance solution to its partners and delivers mutual growth.
The Allianz Digital Accelerator, in partnership with Allianz UK and CTC (the national cycling charity), has launched a competition to help improve cycling safety in the UK.
I am pleased to report that Allianz has maintained its long- term delivery of profitable growth despite intensive competition in key markets. Premium growth at 2.7% coupled with a Combined Operating Ratio of 97.9%, is a steady level of performance.
