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.
It’s good news for graduates this year, as the majority (72%) are managing to secure a job in their preferred profession, according to the Allianz Insurance Graduate Employment Index.
Statistics released recently by the Office for National Statistics show that cybercrime, including bank and building society fraud, is on the rise. Identity theft is part of this trend and can have major consequences on an individual’s personal life and finances. It is a risk that Home and Legacy are aware of and take very seriously.
Allianz Commercial has partnered with Lightfoot to provide an innovative risk management tool to Commercial Motor Insurance customers, which will improve driver safety and efficiency within fleets. The partnership with Lightfoot enables Allianz’s Fleet and Motor Trade policyholders to purchase Lightfoot at a discounted rate.