Press release -
Allianz and Marmalade drive new telematics partnership
Allianz Insurance and Marmalade have extended their partnership with Allianz Insurance now becoming a telematics service provider for their young driver offering.
Allianz Insurance has been sole insurer for Marmalade, the specialist telematics provider for young drivers, on its New Driver Insurance policy since 2013. This new dimension to the partnership will make use of Allianz’s global Connected Car platform, with Marmalade becoming the first broker to integrate with the Allianz Group technology. The platform enables partners to adapt Internet of Things (IoT) value propositions, services and modules to suit their market.
The Allianz Connected Car platform is already live in multiple countries with over 14 billion km of driving knowledge already collected. This knowledge enables Allianz Insurance to support Marmalade in offering the best products and services to their customers.
Adapted specifically for Marmalade’s needs, the benefits of the telematics platform include:
- An offering that enables smarter digital customer interactions
- An enhanced customer experience through the new app and portal
More detailed customer journey data
Marmalade will benefit from:
- Better claims data
- A more cost effective value chain
- Access to the wider Allianz IoT service offerings
James Tucker, smart technology manager, Allianz Insurance, commented: “The partnership with Marmalade demonstrates our commitment to digitalisation and using new technologies to provide a better customer experience. We are really excited to be their new telematics service provider and the quality of the collaboration between both organisations means the Allianz platform has been tailored to meet Marmalade’s exact needs.
He added: “The expertise of the Allianz Group has spanned different countries and we believe the telematics solution provides a unique insight into the data that will ultimately benefit the customer as we’ll be able to underwrite with an even greater degree of accuracy."
Ian Graham, operations director at Marmalade added: “This new depth to our relationship with Allianz is going to have a real impact internally and externally. The Marmalade team will benefit from streamlined processes as well as better data and customer insight to inform our business strategy, and our young drivers will be empowered with self-fitted telematics boxes and a more sophisticated app and portal to monitor their journeys. We know that telematics works to keep drivers safe and allows us to offer the lowest premiums possible, so we’re continuously adapting to ensure that our products represent the cutting edge in black box technology.”
ENDS
Notes for editors:
About Marmalade:
Marmalade is the leading provider of car insurance and cars for young drivers. Founded in 2006, it helps young drivers get behind the wheel, keeps them safe, improves their driving skills and saves money.
As a champion of young people, Marmalade provides a range of products that specifically meet the needs of young people – and their parents – today. These include:
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Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. 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 over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.
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