- 10th Allianz Motor Day: Increasing the green repair rates by 2 percent points can reduce annual Europe-wide CO2 emissions by 30,000 tons
- Allianz calls for sustainability standards for car workshops
- New pan-European Allianz platform with information, products and services related to electromobility to be launched beginning of 2023, starting with Germany
Allianz calls for green repairs
Repair instead of replacing with new parts
The Allianz proposition was clear: “In car insurance, we see many levers in sustainable claims management that can significantly reduce CO2 emissions,” says Klaus-Peter Roehler, member of the Board of Management of Allianz SE, responsible for the insurance business in Germany, Switzerland, Central and Eastern Europe as well as Global P&C Retail and SMC and Global Claims. “In this context, finding suitable opportunities to repair rather than use new parts is of the greatest importance.”
A majority of motor vehicle collision damages are small to medium-sized, mainly affecting the exterior parts of the vehicle. For these, there are green repair options. The production of a new part has a significantly higher CO2 footprint than a repair. “While these repair options are already being used today, we still see great potential for improvement here. If insurers increase repair rates in Europe by just two percentage points per year, according to the calculations of our experts, almost 30,000 tons of CO2 emissions can be avoided, equivalent to the annual energy consumption of around 5,100 households,” explains Roehler. “This underpins our proposition to increase green repairs in the future.”
Certification as sustainable workshop
Let electric vehicles become suitable for the masses
The EU climate law stipulates that Europe should become climate-neutral by 2050 and that by 2030, there should be at least 55 percent reduction of greenhouse gas emissions, compared to 1990 levels. The activities of the United Nations-convened Net Zero Insurance Alliance, NZIA for short, contribute to this overall reduction. Allianz was an early mover and co-founded the NZIA in the summer of 2021, with the aim of promoting the decarbonization of insurance portfolios.
“We take a holistic approach to the topic of sustainable mobility. And one thing is clear: Without sustainable mobility and the consistent expansion of electric mobility, the ambitious goals of the EU cannot be achieved,” says Roehler. “To make electric mobility suitable for the masses, all market participants must create customer-friendly solutions. These include, among other things, faster expansion of the charging infrastructure, competitive prices and useful services related to electric vehicles.”
Platform for electric vehicles to help customers decide on sustainable mobility
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.