Greater signs new insurance deal with Allianz

Greater signs new insurance deal with Allianz

29 August 2008

The Greater Building Society (Greater) and Allianz Australia Insurance Limited (Allianz) today announced they had signed a five year contract to distribute general insurance products to Greater members.

From September 1, Allianz will be the sole supplier of all general insurance products distributed by Greater, including home and contents, motor and CTP, consumer credit insurance (CCI), travel insurance and boat insurance.

Allianz won a comprehensive and competitive tender process that involved 50 individual measurement criteria.

Greater’s Business Alliance Manager Steve Goverd said having a single provider would bring administration benefits to keep premiums down as well as strengthening the already high service levels for customers.

Mr Goverd said the Greater already had an excellent working relationship with Allianz, which would continue to develop under the new arrangement.

“Working with Allianz, the Greater can offer a comprehensive range of competitive general insurance products to meet the needs of its members,” Mr Goverd said.

General Manager Corporate Affairs at Allianz Australia, Nicholas Scofield, added: “The benefit of this union is that Greater members now only need one insurance provider to help with all their insurance needs. Instead of juggling relationships with several insurers, members can enjoy quick and easy access to the full Allianz product suite, whether it be home and contents, car, CTP, boat, landlord or loan insurance.”

“In these challenging economic times, Greater members will also enjoy competitive rates and be confident that their insurance policies are with one of Australia’s largest general insurance companies, which is part of the global Allianz Group, the world’s largest general insurer.”

Media enquiries

Background notes for editors on the Greater and Allianz are on the next page.

Greater
Craig Eardley
ChurchComm
0437 477 493
cecomm@bigpond.net.au
Allianz
Nicholas Scofield

02 9390 6596 or 0416 088 414
nicholas.scofield@allianz.com.au

Note to editors
Greater Building Society
The Greater Building Society is one of Australia’s Top 500 private companies (BRW 2007) with 65 branches across NSW and South-east Queensland.

For more information about the Greater visit www.greater.com.au

Allianz Australia
Allianz Australia Insurance Limited (Allianz) 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 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 company.

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

Allianz 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 is a wholly owned subsidiary of the Allianz Group, one of the world’s largest financial services companies.