Press release -
Allianz to offer free legal helpline to independent brokers
Allianz Legal Protection’s Lawphone service will be made available to some 1,400 brokerages
Many of Allianz’s independent broker partners will now have free access to legal advice via its Lawphone service, in an industry first.
Lawphone is a legal advice line offered by Allianz Legal Protection (ALP). It operates 24 hours a day, 365 days a year, offering over-the-phone advice on business-related legal issues such as:
- employment matters
- debt recovery
- contract disputes
- intellectual property
- Covid regulations.
Approximately 1,400 brokerages working with Allianz qualify to access this service free of charge, adding to the wider list of benefits already on offer.
Nick Hobbs, chief distribution and regions manager said: “We’re proud to offer our independent broker partners this unique service. At Allianz, we have great in-house experts in a wide range of legal matters. We want to utilise that and support our broker partners in running their business.
“Having access to Lawphone will help them to better navigate through some difficult aspects of the current business environment, with our support and knowledge available whenever it is needed.”
James Barclay, head of sales and distribution, Legal Protection at Allianz Insurance: “We’re delighted that we can provide this service free of charge to our broker partners. Over the past year we’ve taken more than 4,200 calls, helping our customers with a wide range of matters. We look forward to providing invaluable guidance on business related matters, as we continue to enable success and growth, together”.
Lawphone for Brokers is the latest addition to the wide range of benefits that brokers have access to when working with Allianz. Other recently launched initiatives include free Mental Health First Aider courses for brokers as a new element in the company’s long-standing Allianz Partners Academy programme and the Allianz Sports Fund, which is now in its second round of grants. For the Sports Fund, brokers have until Friday 8 October to nominate a grassroots club of their choice to receive a grant between £500 and £3,000.
About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance plc.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. 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 around 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
*Including non-consolidated entities with Allianz customers
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.