ALLIANZ ANNOUNCES EXCLUSIVE PARTNERSHIP WITH VEREX GROUP

Allianz today announces it has been selected by Verex Group as its chosen motor insurance partner.

The new partnership, which will launch this month, will see Allianz - the world’s largest motor insurer, provide Verex Group, dedicated provider of first notification of loss (FNOL) solutions to vehicle manufacturers (VMs), with pricing and underwriting services for its VM and dealer group insurance schemes.

Simon Brimicombe, director of broker and corporate partner, Allianz Retail commented: “We are delighted to be working with such a customer focused business and look forward to meeting the needs of Verex’s rapidly growing UK customer base.”

He continued: “This partnership will combine our underwriting and pricing expertise, coupled with Verex’s innovative and dynamic vehicle manufacturer focused customer insurance solutions. Together we will be even better placed to deliver growth and an excellent customer experience for vehicle manufacturers, their dealers and customers.”

Andrew Long, managing director, Verex Group added: “This new relationship is another key milestone in Verex Group’s growth. Our vehicle manufacturer focus together with Allianz’s global expertise and VM relationships means we are ideal partners.”

He added: “Together we can do things the right way for vehicle manufacturers, their dealers, approved repairers and most importantly – their customers. We look forward to working with Allianz and continuing to grow VM insurance schemes as a core strategy for VMs to maximise customer retention.”

As part of the partnership, Applied Systems will provide the connectivity for rating and fulfilment services.

ENDS

Notes to Editors

Allianz

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide. Around 83 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks. In 2013, around 148,000 employees in over 70 countries achieved total revenue of 110.8 billion euros.

Verex

Verex Group was founded in 2008 to help vehicle manufacturers (VMs) and their franchise dealers to increase customer retention, parts and vehicle sales revenues in the Post-Accident Market Sector. Verex Group’s specialist services include VM branded motor insurance, accident management, and excess insurance programmes alongside national bodyshop audit and network management services. Current Verex Group clients in the UK include: Fiat Chrysler Group, Hyundai, Jaguar Land Rover, Mazda, Mitsubishi, MG, Suzuki and Vauxhall.

Applied Systems

Applied Systems is a leading provider of software that powers the business of insurance. Applied is recognised as a pioneer in brokerage management systems and data exchange between brokers, insurers and their clients. Automating the insurance lifecycle for more than 140,000 insurance professionals, 12,000 agencies and brokerages, and 350 insurers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.