A partnership between BMW Financial Services and Allianz Insurance will provide BMW and MINI customers in the UK with car, home and travel insurance.
This partnership completes the portfolio of products currently supplied to customers.
These products include Shortfall, Income Protection and Tyre Insurance, as well as Insured Warranty and Emergency Service and BMW Motorrad Insurance.
Under this new arrangement Allianz will underwrite the customer’s car, home and travel insurance products. The customers will be able to tailor their insurance products by choosing a core cover and selecting from a range of additional cover levels.
Leanne Thames, sales development manager for insurance and banking at BMW Financial Services, said: “This announcement is the realisation of a strategic project to consolidate the range of BMW insurance products with one partner. Having worked successfully with Allianz since 2009, we are fully aware of their ability to deliver first-class insurance products and service levels to our customers. We look forward to growing our customer base substantially during the course of this relationship.”
Allianz Insurance will provide a branded sales, service and claims capability for all new business from 1st July 2011 – for Home insurance this will be 1st October 2011 – and will also be processing policy renewals from 1st July.
Jon Dye, general manager for Allianz Retail, said: “BMW is a partner of key importance to our overall strategy. The broadening of this relationship is a reflection of our ability to deliver profitable and sustainable trading models and our success in living the BMW brand. We look forward to providing tailored Car, Home and Travel Insurance products that will help us to deliver the profitable growth that BMW is looking for in these sectors.”
Source : Allianz