Allianz wins five star rating for car insurance

17 September, 2007

In recognition of Allianz’s excellence in the insurance industry independent research body Cannex has awarded Allianz a prestigious, National Five Star rating for Car Insurance.

Cannex, Australia’s leading independent organisation that researches, analyses and rates more than 20,000 Australian consumer finance products each year, analysed 23 Car Insurance products. The analysis involved measuring each product based on their features and price.

Nicholas Scofield, GM Corporate Affairs for Allianz announced that “it is a significant achievement to receive the national Five Star Rating for Car Insurance, demonstrating the quality and value for money of Allianz’s products. The rating recognises the effort Allianz has invested in building a market leading Car Insurance product which meets our customer’s needs. It also highlights the benefits consumers can gain by shopping for and purchasing their Car Insurance online. Consumers can receive a 10% discount off our already competitive rates by buying Allianz Car Insurance on line.”

The Cannex National Five Star rating is only awarded to products that offer superior value for money for most consumers in most states and profiles. Aside from being a National award winner, Allianz was also rated as providing the best Car Insurance products in Victoria, Western Australia and nationally for Female Drivers aged 25 to 29 (joint winner with ING) and Male and Female Drivers 30 to 59. The NAB’s National Car Insurance product, underwritten by Allianz, also performed well in the Car Connoisseur category (cars worth $45k-75k where the drivers have no children).

Landing a national Cannex five star rating confirms Allianz’s position in the market as a provider of quality car insurance products at a competitive price.

Media enquiries:
Nicholas Scofield
Allianz Australia Ltd
Ph. 0416 088 414

About Allianz Australia
The Allianz Australia Group operates in Australia and New Zealand. It is one of Australia’s largest general insurers, a leading private workers’ compensation insurer, and more recently, a life insurer.

Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services. AAL is proud to be of service to more than 2 million policy holders and over 50% of Australia’s top 200 BRW listed companies have some form of insurance cover with the group.

Allianz Australia offers a wide range of insurance products and services including car insurance, home insurance and Life insurance.

Allianz Australia has approximately 3000 staff. In 2006 the company achieved a gross written premium exceeding AU$2.4 billion and investment assets of approximately AU$5.5 billion.

Allianz Australia Group is a wholly owned subsidiary of the worldwide Allianz Group, one of the world’s largest insurers and investment managers.