Allianz Partners (with its commercial brand Allianz Automotive) and Scania CV AB Financial Services have concluded a global cooperation agreement in June 2017. The cooperation comprises Scania branded motor insurance solutions for Scania customers.
The Motor Insurance Program is provided for customers of Scania, including fleet customers, and covers the following types of insurance: Motor Third Party Liability, Motor Own Damage, and Personal Accident Insurance. The first market, Germany, was launched in June 2017. The aim is to roll out the cooperation in further markets.
“Given the structural change in the automotive industry, we see great potential in the commercial and fleet business. The cooperation with Scania offers a unique opportunity to expand our portfolio to heavy vehicle companies,” explains Claudius Leibfritz, CEO Allianz Automotive and Member of the Board of Allianz Partners. “To underline the importance of this segment we have established a dedicated team with cross-functional support to focus on commercial and fleet business development.”
Sten Dumell, Head of Customer Insurance at Scania Financial Services, emphasizes the importance of this strategic cooperation: “With Allianz we have a partner at our side, who, like Scania, is both present globally and able to do business locally. The interest from customers for financial services is increasing and through this cooperation, we will provide even better solutions for our mutual clients.”
Based on the existing long-term strategic cooperation between Allianz Automotive and Volkswagen Group, to which Scania belongs to, the two companies will further deepen their collaboration by jointly identifying and designing additional innovative services and products, for example, in the field of telematics.