Total business volumes increase for Allianz Group in the UK
Full year results for Allianz Group released today reveal that the organisation continued its focussed expansion in the UK insurance market during 2024, achieving a combined total revenue of £7.07 billion across Allianz UK, Allianz Commercial, Allianz Trade and Allianz Partners.
Allianz receives Gracechurch Market Claims marque for ninth year in a row
2024 has been a year of outstanding achievements for Allianz – Insurance consultancy Gracechurch has awarded Allianz Commercial its Service Quality Marque (SQM) for Market Claims and Market Underwriting.
Leading insurer Allianz UK uncovered 33,027 instances of insurance fraud worth a total of £157.24m in 2024 – equivalent to 90 frauds worth £430,000 a day, and up 10% on the £142.38m figure for 2023.
Allianz UK warns motor traders of high risks and costs of EV battery fires
Allianz UK is warning motor traders to be aware of the risks associated with Electric Vehicle (EV) battery fires, which have caused extensive damage in recent cases and created unique challenges.
Phuong Ly to lead Allianz Commercial in the United Kingdom
Allianz Commercial today announced that Phuong Ly will be appointed Commercial Managing Director UK, effective 3 April 2025, subject to regulatory approval.
Allianz UK has made significant investment in its commercial digital trading team, with new appointments and promotions as well as an enhanced focus on seamless digital journeys.
Data released today by leading insurer Allianz reveals the high cost of fire-related claims involving lithium batteries. The average cost of these claims is £50,000, with fires caused by leaking and damaged batteries and overcharged e-vehicles combusting at home.
