Allianz UK Financial Results EOY 2017 EOY 2016 • Gross Written Premium (GWP) £ 2,186.3m £ 2,141.2m • Operating Profit £121.3m £96.2m • Combined Operating Ratio (COR) 97.8% 99.2%
“These latest figures from IFED demonstrate the severity of ghost broking and the level of sophistication employed by the fraudsters, who target and exploit vulnerable individuals or those who might struggle to obtain cheap cover."
As the number of claims the company receives continues to fall and customer claims journeys become increasingly digitalised, Allianz is proposing some changes to its Claims operation.
As part of their strategic partnership, originally announced on 4 August 2017, LV= and Allianz are today outlining the plans to transfer their respective personal and commercial portfolios. Allianz’s personal home and motor portfolios will transfer to LV=GI, the joint venture 49% owned by Allianz, and LV=’s commercial portfolios will transfer to Allianz.
Allianz Legal Protection (ALP) and JLT Specialty Limited (JLT) have created Omnium, a specialist After the Event (ATE) insurance solution for Insolvency Practitioners (IP’s).
Allianz has appointed Simon Hanley to the position of Chelmsford branch manager, effective from 19th February.
Following news from the ABI that the 'average motor premium paid rose by 9% in 2017 to a record high, adding an extra £40 to the average motor insurance policy.'
General manager, Commercial & Personal Simon McGinn commented:
“With no sign of any movement on the discount rate in 2018, and quite possibly even 2019, this is a very concerning time for customers. We will be having discussions
Allianz has strengthened its Property Owners Select proposition for commercial property owners with new covers, enhanced limits and access to additional services.
Allianz Legal Protection (ALP) has partnered with Forster Dean Solicitors; a leading multi-disciplined law firm which offers a wide range of legal services to support claimants across the North West.
An update from Allianz's head of motor claims, Tony Newman, following the Liverpool Car Park Fire:
“This was an unprecedented event affecting in the region of 1,400 motorists. Cars were not accessible and owners were left in a difficult situation.
We are committed to putting our customers first and given the nature of the event, we have agreed to waive any impact on customers no claims dis
Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned acquisition of a 49 percent stake in LV=’s UK General Insurance businesses (LV=GI) by Allianz Group.
Allianz welcome‘s Brokers to it’s new Commercial office in Southampton.
A claimant law firm, GSD Law Limited, submitted a number of informal claims totalling £225,000 for legal costs to Allianz following the settlement of a number of low value injury claims. The costs were considered excessive and challenged.
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 appointed Andy Roberts to the position of head of data, claims.
Allianz and Saracens RFC are delighted to announce that their successful sponsorship partnership will continue until at least 2021.
Following an investigation by Allianz and BLM, a litigation solicitor has been struck off after being exposed for falsifying signatures.
British Paralympic Association (BPA) employees were assigned top tier corporate mentors from Allianz Insurance in a unique 12-month scheme run by diversity and development experts, Moving Ahead, at an event on Wednesday 29 November.
Allianz Insurance has appointed Dave Gill to the role of head of operations. In this role Dave will take responsibility for leading all speciality operations for business lines including corporate partner pet, Petplan and Allianz Musical Instruments.
SMEs are a key part of the UK's economic landscape, racking up an annual turnover of £1.8 trillion in 2016 (1) and set to contribute more than £217bn to the economy by 2020 (2). But, while an element of risk-taking is essential for some of these small businesses, many are taking chances with their insurance that could prove catastrophic.
The FCA's Thematic Review into the handling of insurance