Allianz launches Motor Trades Pack

22 May, 2008

Allianz is pleased to announce the launch its Motor Trades pack to help brokers and agents address this continuously growing market.

Nicholas Scofield, General Manager Corporate Affairs, said, “Allianz is the only insurer to offer all its brokers and agents a full lifecycle product specifically for motor trades occupations. The Motor Trades Pack is only available through our brokers and agents, which further strengthens the value they can add for their clients.”

With over 100,000 retail motor trade businesses across Australia, turning over $120 billion a year and employing over 316,000 people*, the market for motor trade insurance offers great opportunities.

Representing the ongoing growth in the motor trades industry is the number of people employed within the sector. Between 1998 and 2004 the number of employees in the motor retail service and repair sectors sky-rocketed from 184,000 to over 316,000**. This growth means not only growing revenues that need protection but higher levels of risk to staff, equipment, buildings, money and product liability, which also translates into the need for higher levels of insurance.

Mr Scofield added, “while our emphasis has been on offering an excellent product suite that can be completely managed by brokers online, we haven’t lost sight of the need our brokers and agents have to sometimes get quick and detailed information to help them write business.

Our business partners continue to tell us that they value Allianz working alongside them to help them maximise the value they provide their clients, so that support is a key part of our strategy with the Motor Trades Pack”.

Covers include Fire and Perils, Glass, Transit, Business Interruption, Public and Products Liability, Tax Audit, Theft, Employee Dishonesty, Professional Indemnity, Money, Machinery Breakdown, Customers’ Vehicles, General Property, Computer/Electronic Equipment and Business Vehicles.

Customers’ Vehicles and Professional Indemnity sections have also been included, removing the need to arrange separate policies.

Details of some of key covers include:

Allianz’s brokers and agents can electronically transact Motor Trades Pack, eliminating manual proposal forms and ensuring quicker turnaround times for quotes and new business.

Mr Scofield concluded, “We have targeted 29 of the most common non-dealer SME motor trades from auto electricians to hand car washes. The new Motor Trades Pack is designed to offer the flexibility of 15 covers in a single policy solution. Allianz’s Motor Trades Pack is the latest in a suite of products that have been designed for specific market segments in response to feedback from brokers and agents. Others include Office, Trades and Retail, Construction, Marine, and Financial Lines.”

* Motor Trades Association of Australia
** Australian Bureau of Statistics

Media enquiries

Nicholas Scofield
Allianz Australia Insurance
Ph. +61 2 9390 6596
Ph. 0416 088 414

Allianz Australia

Best General Insurance Company 2006*
Best General Insurance Company 2007*

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 also provides life insurance.

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 3300 staff. In 2007, 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 financial services companies.
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Allianz’s commitment to social, environmental and economic sustainability has been acknowledged internationally by the Dow Jones Sustainability Index, which recognised Allianz as the most sustainable general insurer in the world in 2007. In Australia, Allianz is a member of the Greenhouse Challenge Plus program, which is a cooperative partnership between industry and the Australian Government that aims to reduce greenhouse gas emissions.

*Australian Banking and Finance Insurance Awards