Press release -
Allianz launches VWFS UK insurance partnership
- Allianz UK has become VWFS UK’s official new motor insurance provider
- VWFS UK customer policies will be underwritten and administered by Allianz UK from Wednesday 9th July
- No administration fees when making changes and a user-friendly insurance portal are just some of the customer benefits.
Allianz UK has announced a new partnership with Volkswagen Financial Services UK (VWFS UK) to become its new motor insurance provider.
The five-year partnership which launched on 9th July extends across Volkswagen Group’s passenger car brands in the UK – Volkswagen Passenger Cars, Škoda, Audi, SEAT and CUPRA. Customers will benefit from a fully brand aligned purchase and claims experience provided by Allianz as administrator and underwriter of the insurance policies.
With a focus on allowing customers to select options that best suit their needs, new and existing customers will be offered a range of benefits including:
- A two-tiered product: Two levels of cover will be offered – Essentials and Plus.
- Complimentary driveaway insurance: Complimentary five- day driveaway insurance available for eligible customers who purchase a new or used vehicle from any Volkswagen Passenger Cars, Škoda, Audi, SEAT or CUPRA retailer.
- Simple vehicle changes: No administration fees when making changes.
- User-friendly insurance portal: A dedicated portal providing customers with access to all necessary information regarding their cover.
Serge Raffard, Managing Director, Allianz Personal said: “We are happy to have agreed a new partnership with Volkswagen Financial Services UK (VWFS UK) to underwrite and administer motor insurance to their customers. VWFS UK is one of Allianz’s largest and most important global partners and this agreement highlights the strength of Allianz UK and the high-quality insurance products and claims services that we provide. We will work closely with VWFS UK to offer their customers innovative and flexible insurance products and services that meet their changing needs.
“I’m delighted with the strides Allianz has made in the UK retail market over the past year and our efforts are being recognised externally through new partnerships, industry and customer-service awards.”
James Taylor, Head of Product (non-Asset based) at VWFS UK, said:
“Following months of dedicated effort by both teams, we are pleased to announce that, effective Wednesday, 9th July, Allianz will become our new motor insurance provider. By offering customers motor insurance, we are strengthening our relationship beyond finance or leasing, enabling individuals to finance, insure, and maintain their vehicles while alleviating common challenges associated with vehicle ownership. This partnership underscores our commitment to delivering positive customer outcomes at every stage of the customer journey.”
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About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with around 128 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 776 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.9 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2024.
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This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.
Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
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