New Allianz structure is about making brokers’ lives better, says Jon Dye
UK CEO confirms insurer will do everything it can to find roles for 170 staff affected by proposal to withdraw from direct home and motor.
Allianz's proposal to withdraw from the direct markets for home and car will see the insurer give up £84m of gross written premium annually, CEO Jon Dye has confirmed.
At the end of 2015 the two business lines accounted for 4% of the provider's revenue. This had dropped to 2% by the end of the first quarter this year.
Dye detailed that whereas the company had 250,000 policies across both lines at the end of 2014, this fell to 187,000 last year - split across 129,000 in motor and 58,000 in home.
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