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Allianz switches to hybrid power with new Toyota and Lexus vehicle fleet deal

Posted: 06 April 2020


As part of its commitment to create a sustainable future, Allianz Insurance has announced a new vehicle fleet deal with Toyota and Lexus.

The agreement, which will run until 2023, will see the Insurer switch to hybrid power with the Toyota and Lexus vehicle fleet deal. 

Allianz will receive a delivery of up to 200 vehicles a year as it transitions its vehicle fleet away from diesel power to Toyota’s self-charging hybrid technology. The new arrangement also supports UK automotive manufacturing, as the models will include the new Toyota Corolla and Corolla Touring Sports, both of which are built at Toyota’s factory in Derbyshire.

Allianz has more than 800 Employee Fleet company car drivers, which meet the prerequisite of covering 8,000 miles a year. The Employee Fleet will include Allianz’s team of Engineer Surveyors who in an average year travel more than 6,000,000* business miles, so the new move to hybrid power is expected to significantly reduce environmental impact.

Reliability was also a key consideration, addressed by the proven reputation of Toyota and Lexus hybrids for lasting quality and problem-free performance. 

allianz and toyotal fleet deal

Bettina Gross, head of procurement, Allianz Insurance, said: “At Allianz we are committed to creating a more sustainable future. I’m delighted that our large vehicle fleet is a key area of our business where we can take positive steps to reduce our environmental impact.

 “We have been impressed by the real-world efficiency of the Toyota and Lexus hybrids, the quality of the vehicles and the reliable and thorough support the company provides for its fleet customers.”

Stuart Ferma, General Manager Toyota and Lexus Fleet Sales, said: “Our fleet customers need to be sure that they are not only making an environmentally sound choice, but that they can also count on the quality, durability and reliability of the vehicles, economic running costs and comprehensive support services. We’re delighted that Allianz has chosen Toyota and Lexus hybrids and look forward to building a successful relationship with them as a valued fleet customer.

The Allianz Group is the number one insurer in the Dow Jones Sustainability Index and has been carbon neutral since 2012 and is committed to sourcing 100% of its global electricity needs from renewable sources by 2023.  In 2018 Allianz announced it would be withdrawing from insuring coal-fired power plants or individual coal mines as part of a drive towards a low carbon economy and the Group are founder members of the UN backed Net-Zero Asset Owner Alliance.

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