Allianz UK enhances digital trading options for mini-fleet

Allianz UK has announced the strengthening of its Mini Fleet product with changes designed to better serve brokers and customers in the SME eTrade fleet market. The upgrades include the relaunch of the No Claims Discount (NCD) conversion service on Acturis, alongside a suite of improvements aimed at expanding coverage and simplifying access for brokers and customers alike.

Alex Ktenidis, Director of Digital Trading, Allianz UK commented: “we continue to listen to broker feedback and are making significant investments to broaden our appetite and move us towards our ambition of being the easiest insurer to deal with. This latest round of changes to our Mini Fleet proposition ensure we provide more choice and can better support our broker partners with their growth ambitions”.

Key Enhancements to Mini-Fleet product:

•NCD conversion for Acturis brokers: reinstatement of NCD conversion service on Acturis, ensuring brokers can quote and incept risks from historic NCD-rated vehicles

•Greater allowance for young drivers: highlighting an increased appetite for younger drivers, within set parameters, offering immediate terms without the need for underwriter referrals.

•Expanded fleet coverage: The minimum fleet size requirement has been reduced from three to two vehicles, accommodating smaller fleets, enabling a broadening of the customer base.

•Reduced historical claims experience requirement: Requirements for previous claims experience have been lowered, making it easier for smaller fleets to obtain coverage.

•Support for emerging businesses: New companies with at least one year of trading experience can now receive quotes without an underwriter review – providing they have sufficient claims experience.

•Broadened vehicle acceptance: Allianz has expanded its appetite to include vehicles previously referred or declined, with increased tolerance for electric vehicles.

•Trade expansion: The product now accepts 22 additional trades, with ongoing reviews potentially allowing for even more.

•Increased tolerance for older vehicles: quoting for older vehicles, accommodating established fleets with up to 70% older vehicles.

Gerry Ross, Head of Commercial Motor at Allianz UK also commented: “Our goal is to make it easier for brokers to do business with us. As an example, we are increasing the number of risks we put terms on without referral, offering immediate terms for most young drivers without the need to refer to our underwriters, enabling brokers to provide more flexible solutions to a wider range of clients.”

Image provided by Allianz

Alicia Ward