The collaboration between the two companies is not new, as they have standing agreements in many markets in Eastern Europe and Australia. With this new agreement, Allianz will supply automotive and warranty insurance for Daimler Financial Services in approximately 40 foreign markets. However, this will not affect the agreement between Mercedes-Benz Bank and HDI Direkt Versicherungs AG in Germany.
“Daimler has been working together with Allianz for more than 80 years now,” says Dr. Martin Schindewolf, CEO and Chairman of Daimler Insurance Services GmbH. “This agreement will allow us to further strengthen our partnership in the international automotive insurance business.” Daimler Financial Services is establishing strategic partnerships in order to further intensify its collaboration with selected insurance partners.
“We have concentrated our worldwide expertise in the Global Automotive business unit so that we can form real development partnerships with customers like Daimler Insurance Services,” says Karsten Crede, Board Member of Allianz Global Corporate & Specialty AG. “We will support Daimler’s commitment to premium quality and technological leadership by developing suitable insurance products in order to expand the brand experience of Daimler vehicles with an additional insurance-related element.”
Daimler Financial Services offers insurance products, including automotive insurance, gap insurance, payment protection insurance and extended warranty insurance for automobiles.
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