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ALLIANZ LAUNCHES LANDMARK SCHOLARSHIP SCHEME FOR BROKERS

Press release -

ALLIANZ LAUNCHES LANDMARK SCHOLARSHIP SCHEME FOR BROKERS

Allianz Commercial has announced the launch of a new scholarship programme which actively supports staff at chartered brokers in achieving their CII Diploma in Insurance.

The scheme, the first of its kind in the industry, will provide successful applicants with access to first-class tuition and networking opportunities, as well as the chance to further develop their technical and industry knowledge while attaining their CII Diploma.

The application process for the 2012 programme is due to open in February.

The new initiative builds on the success of the Allianz Partners Academy, a long-running development programme with over 400 brokers taking part annually. The Partners Academy will continue to offer high-calibre training across a range of product-specific and management modules.

Allianz Commercial general manager, Chris Hanks, said: “As one of the first chartered insurers, Allianz is dedicated to upholding and promoting the highest levels of professional standards. The launch of this unique and innovative scholarship programme allows us to assist brokers who have achieved their Chartered Insurance Broker status, or are working towards it, while also helping to embed the insurance industry with professional, qualified individuals.”

He adds, “I believe our development and scholarship programmes will help foster talented, ambitious individuals, demonstrate the attractiveness of a career in insurance and ensure the future success of not only the individuals taking part but the insurance industry on the whole.”

Graeme Sutton, director of corporate development at The Chartered Insurance Institute commented: “This is further evidence of Allianz Commercial’s commitment to raising professional standards in the insurance sector. Chartered Insurance Brokers will find the scholarship programme an extremely valuable benefit as they strive to differentiate themselves from their competitors.”

ENDS

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Notes to Editors:

1) Chris Hanks is pictured above.

2) 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. Reassuringly in these uncertain financial times, in July 2011 the Standard and Poor's rating for Allianz Insurance was reaffirmed as AA- with a stable outlook. As of December 2011, the rating of Allianz SE is also AA- with a stable outlook.

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