Press release -
Allianz UK enhances digital trading options for mini-fleet
Allianz UK has announced the strengthening of its Mini Fleet product with changes designed to better serve brokers and customers in the SME eTrade fleet market. The upgrades include the relaunch of the No Claims Discount (NCD) conversion service on Acturis, alongside a suite of improvements aimed at expanding coverage and simplifying access for brokers and customers alike.
Alex Ktenidis, Director of Digital Trading, Allianz UK commented: “we continue to listen to broker feedback and are making significant investments to broaden our appetite and move us towards our ambition of being the easiest insurer to deal with. This latest round of changes to our Mini Fleet proposition ensure we provide more choice and can better support our broker partners with their growth ambitions”.
Key Enhancements to Mini-Fleet product:
•NCD conversion for Acturis brokers: reinstatement of NCD conversion service on Acturis, ensuring brokers can quote and incept risks from historic NCD-rated vehicles
•Greater allowance for young drivers: highlighting an increased appetite for younger drivers, within set parameters, offering immediate terms without the need for underwriter referrals.
•Expanded fleet coverage: The minimum fleet size requirement has been reduced from three to two vehicles, accommodating smaller fleets, enabling a broadening of the customer base.
•Reduced historical claims experience requirement: Requirements for previous claims experience have been lowered, making it easier for smaller fleets to obtain coverage.
•Support for emerging businesses: New companies with at least one year of trading experience can now receive quotes without an underwriter review - providing they have sufficient claims experience.
•Broadened vehicle acceptance: Allianz has expanded its appetite to include vehicles previously referred or declined, with increased tolerance for electric vehicles.
•Trade expansion: The product now accepts 22 additional trades, with ongoing reviews potentially allowing for even more.
•Increased tolerance for older vehicles: quoting for older vehicles, accommodating established fleets with up to 70% older vehicles.
Gerry Ross, Head of Commercial Motor at Allianz UK also commented: “Our goal is to make it easier for brokers to do business with us. As an example, we are increasing the number of risks we put terms on without referral, offering immediate terms for most young drivers without the need to refer to our underwriters, enabling brokers to provide more flexible solutions to a wider range of clients.”
Notes to Editors:
NCD conversion to iMarket - whilst always available on the QuoteSME platform it is now accessible across both platforms.
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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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