Source: Insurance Business Mag
Allianz UK has taken over as the official motor insurance provider for Volkswagen Financial Services UK (VWFS UK), following the launch of a five-year agreement that significantly reshapes underwriting arrangements for some of Britain’s most prominent automotive brands.
The agreement sees Allianz assume underwriting and administrative responsibilities for motor insurance across Volkswagen Group’s UK passenger car marques, including Volkswagen, Audi, SEAT, Škoda and CUPRA. The arrangement marks a notable shift in VW’s insurance provision, which had been underwritten by Direct Line owned U K Insurance Limited since 2018.
James Taylor, head of product (non-asset based) at VWFS UK, described the agreement as a strategic step to provide customers with “a more integrated ownership experience”, enabling buyers to finance, insure and maintain their vehicles through a single aligned journey. He noted that the collaboration reflects VWFS UK’s desire to remove common friction points for customers while enhancing post-sale support.
Serge Raffard, managing director of Allianz Personal, said the partnership illustrates Allianz’s capability to deliver scale and quality in retail insurance. “VWFS UK is one of our most significant global partners, and this collaboration reinforces our ambition to grow in the UK retail market with customer-centred, adaptable solutions.”
As part of the new offering, the company is claiming that policyholders will benefit from a streamlined online experience, with access to a dedicated insurance portal. The new product features two tiers of cover – Essentials and Plus – designed to suit a range of customer needs. Eligible buyers of both new and used vehicles will receive five days of complimentary driveaway cover.
Read the full article: https://www.insurancebusinessmag.com/uk/news/auto-motor/allianz-scoops-vw-away-from-direct-line-following-aviva-takeover-542129.aspx
