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).
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 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.
Allianz Claims is pleased to announce the appointment of Lee Watts, who joins the company from QBE as head of casualty claims. In his new role Lee will be responsible for leading the development and implementation of technical claims strategy and best practice across all casualty and disease claims.
Allianz has become the first insurer in the UK to launch a Video Relay Service for deaf people using British Sign Language (BSL).
• British homes are empty four days each week • One in five plans to invest in smart tech to protect their home • Brits to spend £234 each on smart security
Allianz Commercial is pleased to announce that it has already successfully implemented the changes set out by the Insurance Act 2015. Allianz Commercial has remained true to its promise and has reviewed and changed all policy documentation for its mid-corporate propositions well in advance of the August 2016 deadline.
