Winner: Allianz Insurance
- Covéa Insurance
The overall winner of General Insurer of the Year has certainly had a notable 12 months.
Not least completing the acquisition of LV and the deal to take on Legal & General’s general insurance book of business. But away from the headlines and consistently impressive underlying results, Allianz has thrived in many other areas.
These include implementing the latest technology, such as applying robotic process automation and machine learning algorithms to help better evaluate risk and support customer outcomes; and using its roles as insurer and investor to help manage risks arising from climate change and promote the low-carbon economy.
Allianz was awarded Chartered Insurer Status again, recognising its expertise, ethical conduct and development of employees. It is the largest single entity to achieve this status in the UK.
One broker said: “Allianz has genuinely enhanced its trading reputation with [us] over the past 18 months.
“Partnership is a strong theme across the mutual trading objectives and relationships, whether that be regionally or centrally, and any challenges are viewed openly with a ‘can do’ attitude being evident. A very strong market player with a great reputation.”
A reputation that has seen Allianz pick up this award for a fourth time, and first time since 2010.
I felt incredibly proud collecting the award, an absolute testament to the great people we have in our business. Everyone who works for Allianz Insurance contributed to this win which recognises our breadth of success across a challenging and exciting year.Jon Dye, CEO, Allianz Insurance
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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