SMEs are a key part of the UK's economic landscape, racking up an annual turnover of £1.8 trillion in 2016 (1) and set to contribute more than £217bn to the economy by 2020 (2). But, while an element of risk-taking is essential for some of these small businesses, many are taking chances with their insurance that could prove catastrophic.
The FCA's Thematic Review into the handling of insurance
Allianz Insurance is launching a new data initiative designed to empower brokers and reduce the number of SMEs that are underinsured. This follows the FCA’s Thematic Review which revealed that 40% of SMES could be underinsured.
Allianz has launched Complete Mini Fleet, a new e-trade product which provides insurance cover for companies operating small fleets of between three and eight vehicles, or up to 15 vehicles at renewal.
Allianz has enhanced its Digital Claims proposition for commercial motor customers with a secure multimedia hosting platform, Allianz VUECloud.
Allianz UK Financial Results Q3 (YTD) 2017 Q3 (YTD) 2016 • Gross Written Premium (GWP) £1647.1m £1614.8m • Operating Profit £84.6m £121.0m • Combined Operating Ratio (COR) 98.2% 96.9%
Following a review of its technical claims structure, Allianz has appointed Mark Merrix to the position of head of casualty claims and Nick Kelsall as fraud manager.
Allianz has welcomed 28 graduates onto its graduate programme. Spread over six schemes (Actuarial, Underwriting, Finance, AMT, IT & Claims) the graduates will gain valuable skills and extensive exposure to the business.
With severe winds and heavy rain forecast for much of the UK over the next few days, Allianz has issued advice to help policyholders protect their property from storm damage.
Allianz and Lightfoot have renewed their partnership to continue the successful ‘Lightfoot Fleet Driver of the Week’ programme.
High net worth insurance specialist, Home & Legacy, is celebrating the first anniversary of its online trading platform, Home & Legacy Online.
Allianz Insurance has appointed Ibi Moghraby to the role of director, business change. In his new role Ibi will take responsibility for overseeing and delivering the business change activity across Allianz UK.
Allianz Insurance has appointed Stuart Darroch to the position of Manchester branch manager.
