Press release -
ALLIANZ CEO SPEAKS OUT ON YOUNG DRIVERS
"Until the frequency and severity of accidents involving young drivers reduces significantly, obtaining motor insurance at premiums they consider reasonable will be a problem.
"Exploring solutions should be at the heart of this debate and these could include enforced restrictions on young drivers using their vehicles socially late at night and restricting the number of passengers young drivers have in their cars at any one time. However, effective driver training in a variety of different scenarios and road conditions should be an integral part of any solution and this is a matter for government which I suggest should heed the recommendations from road safety experts and the insurance industry that more needs to be done."
Andrew Torrance, CEO, Allianz UK
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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.
