Allianz SE and BMW Group intensify collaboration

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    Allianz SE and the BMW Group plan to intensify their collaboration on a global level. The CEOs of the two companies, Michael Diekmann and Norbert Reithofer, signed a declaration of intent to this effect in Munich yesterday.

    The focus is to offer clients vehicle and mobility related insurance products such as car insurance and used car guarantees. The Allianz products will supplement the comprehensive range of financial services that BMW Financial Services already offers its customers.

    “Allianz is a strong partner for the BMW Group and its customers,” said Michael Diekmann, CEO of Allianz SE, at the signing of the declaration of intent. “Allianz has in-depth product and sales expertise in insurance solutions for car manufacturers and their dealer networks, as well as a global presence and profound knowledge of the respective local market conditions. The global partnership builds on the existing successful cooperation between BMW Group and the international subsidiaries of Allianz.”

    “In Allianz SE we have an ideal partner who can support us and our customers all over the world with comprehensive, transparent and high-quality premium products,” added Norbert Reithofer, CEO of BMW Group. “That is one of the components in the implementation of our Number ONE strategy: we want to become the world’s leading provider of premium products and premium services for personal mobility.”