Allianz research reveals cost, green credentials and technology are… – Digitalmunition




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Published on August 4th, 2020 📆 | 7089 Views ⚑

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Allianz research reveals cost, green credentials and technology are…

In a new report ‘Fleet Managers, the pressures, challenges and opportunities,’ released today, the findings of an independent survey found that 71% of fleet managers say the cost of vehicle repair influences the choice of vehicles in their fleet. Being green is also a key factor with 56% making choices around the composition of their fleet based on protecting the environment.

With more than 90% of motor accidents the result of human error[1], the arrival of autonomous vehicles should make the UK’s roads much safer and over half (53%) of fleet managers think that advanced vehicle technologies will deliver road safety benefits.

However, of those surveyed more 70% either agreed or strongly agreed that technologies such as parking sensors de-skill drivers to the detriment of driver safety. Similarly 35% agreed that if autonomous vehicles become more commonplace the number of insurance claims will increase.

Gerry Ross, head of motor, Allianz Insurance commented: “As our roads and the vehicles using them change over the next decade these technological advances need to be used appropriately. Fleet managers need to ensure that their drivers understand the capabilities of the vehicles to maximise the benefits the additional safety features bring. It’s important that fleet drivers use the available technology to their advantage to supplement their professional skills.”

Fleet managers face a number of pressures and challenges, from ensuring the health and safety of their drivers and other road users to addressing environmental concerns and meeting their organisation’s financial targets.

Encouragingly, the research conducted by Allianz found that 78% of fleet managers feel they are able to offer their drivers the level of support and training they need to help them drive more safely. However, alongside the 22% that don’t provide enough support, 70% say they’d like to dedicate more time to explore the support that’s available.

“Insurers and brokers are a great source of risk management information and support,” added Ross. “As well as providing advice to reduce risk, they can analyse claims data to help fleet managers prioritise where they should take action. Given the changes and opportunities ahead, it’s essential that fleet managers, brokers, insurers and vehicle manufacturers work together. By sharing knowledge, experience and insight it will ensure that fleet managers are able to minimise the risks and maximise the benefits for their fleets, their drivers and other road users.”

[1] https://www.rospa.com/road-safety/Advice/Drivers/Safe-System-approach

ENDS

Notes to editors:

1)This online survey of 100 UK Fleet Managers was commissioned by Allianz and conducted in 2019 by market research company OnePoll, in accordance with the Market Research Society code of conduct.

About Allianz

The Allianz Group is one of the world’s leading insurers and asset managers with more than 100 million retail and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 740 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage almost 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2019, over 147,000 employees achieved total revenues of 142 billion euros and an operating profit of 11.9 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management’s current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

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