COBRA Network SME Facility

Allianz Insurance plc
Overview
COBRA Network
SME Facility
Add value to your business with the new COBRA Network proposition
from Allianz.
o verv i e w
• Simple, efficient transfer of your SME business with an
account underwriting approach
• E-traded transfer of business via QuoteSME, our
innovative full cycle integrated online business model
for all our SME non-motor ‘Complete’ products
• SME can also be traded on iMarket via Acturis and SSP
• Individual three-year contract between you and Allianz
Commercial, with commitment to agreed
SME account growth levels
COBRA Network members will benefit from an increased
commission of 25% – subject to the member agreeing
to rollover a minimum commitment of SME business to
Allianz over a 12 month period. The rollover start date
and the amount of commitment in GWP will be agreed
with your Strategic Account Manager. Allianz is looking
for a balanced portfolio of SME business and this has to
be agreed with Allianz before the commencement of
the rollover.
Contact your COBRA Strategic Account Manager to
discuss the Allianz SME business rollover opportunity.
• Automatic acceptance and commitment to match the
invited renewal premium less 2.5% on transfers from
the insurers shown below:
- Ageas
- AIG
- Aviva
- Axa
- Chubb
- Covea
- Hiscox
- NIG
- QBE
- RSA
- Zurich
• Agreed pricing parameters for transfer with flexibility
to retain business
• Surveys to be carried out as per the QuoteSME system
“Allianz is committed to working
with COBRA Network to drive
profitable growth in SME business.”
David Martin, Director SME markets
• Allianz terms to apply including flood subsidence and
security terms
• Dedicated Allianz team and service level agreement
• Additional bespoke propositions available for block
transfers / solus arrangements
• Allianz offer you the following marketleading products:
p ro d uc ts
Allianz Complete Business
- Complete Retailer – rated 5 star by Defaqto
- Complete Office – rated 5 star by Defaqto
- Complete Contractor – rated 5 star by Defaqto
- Complete Property Owners & Flat Owners
- Complete Business – our market-leading
commercial combined product with the ability
to quote risks of up to £7.5m turnover
• Unique COBRA Network policy enhancements
Eligibility
• 100% acceptance of cases, subject to product
fit that do not refer or decline on QuoteSME.
Any cases that do refer will be considered on a
case by case basis
What if the case is outside our acceptance criteria?
c ri t er ia
• Please talk to us – we are happy to look at cases
and show flexibility where possible
• Provides cover for businesses up to £7.5m
turnover and with sums insured up to £5m
(Combined property damage and business
interruption sums insured)
• Updated legal expenses insurance – providing
wider cover for Allianz SME policyholders
• Automatic increase of sums insured on an
annual basis, in line with inflation
• Day one reinstatement providing automatic 15%
inflation factor
• Access to a national network of independent
local business advice centres which will provide
assistance with management skills, finance,
exporting, technology, marketing and more
• Option to increase excesses for a reduction
in premium
• Access to a 24-hour legal advice helpline
• QuoteSME is a full cycle system allowing you to
transact new business, MTAs and renewals in
your office
E - t ra d e
• Efficient and experienced underwriting and
claims service
• All SME products available including our Commercial
Combined solution – Complete Business
• PDF documentation available for all
transactions immediately
• Premium and Commission flexibility available
• An intuitive system with a sophisticated
rating mechanism
• A dedicated and experienced Small Business
Team to handle any queries or referrals
• All our products are fully integrated with
Acturis and SSP via imarket and also provides
the above benefits
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Allianz Insurance plc
Complete
Retailer
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Policy Wording
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Allianz Insurance plc
Complete
Office
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Policy Wording
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Allianz Insurance plc
Allianz Insurance plc
Allianz Insurance plc
Complete
Contractor
Complete
Property Owner
& Flatowner
Complete
Business
Policy Wording
Policy Details (including Policy
Summary pages 1-10)
Policy Details (including Policy
Summary pages 1-13)
2013
2013
2013
RETAILER INSURANCE
OFFICE INSURANCE
TRADESMAN INSURANCE
COBRA Network Enhancements
Product
Section
Enhancement
Current Limit
New Limit
Property Owner
Property Damage
Locks and Keys
£2,500
£5,000
Property Owner
Loss of Rent
Managing Agents
N/A
15% - £20,000
Property Owner
Property Damage
Gardening Equipment
N/A
£5,000
Property Owner
Property Damage
Landscaped Grounds & Emergency Vehicles
£10,000
£25,000
Property Owner
Property Damage
Meter Supplies
£10,000
£25,000
Contractor
Public Liability
Court Attendance - Director
£500
£750
Contractor
Contract Works
Inflation Protection
10%
20%
Contractor
Contract Works
Negligent Breakdown & Continuing Hire Charges
£5,000 / £10,000
£7,500 / £25,000
Retailer
Contents
Metered Water
£10,000
£20,000
Retailer
Contents
Theft Damage to Buildings
N/A
£25,000
Retailer
Business Interruption
National Lottery
N/A
£25,000
Retailer
Contents
Suppliers Premises
£25,000
£50,000
Retailer
Contents
Exhibitions
N/A
£5,000
Business
Property Damage
Temporary Removal
10%
20%
Business
Business Interruption
Unspecified Suppliers
10% - £50,000
20% - £100,000
Business
Business Interruption
Unspecified Customers
10% - £50,000
20% - £100,000
Business
Property Damage
Seasonal Increase
25%
30%
Business
Property Damage
Trace and Access
£25,000
£50,000
Business
Property Damage
Landscaped Grounds and Emergency Vehicles
£10,000
£25,000
Office
Contents
Metered Water
£10,000
£20,000
Office
Business Interruption
National Lottery
N/A
£25,000
Office
Contents
Landscaped Grounds and Emergency Vehicles
£10,000
£25,000
Office
Contents
Loss of Attraction
N/A
£50,000
For more information, support and guidance please in the first instance contact your COBRA Network Strategic Account Manager.
Contact
Mobile Number
E-mail Address
Northern Ireland & London
Graham Ringer
07969 395 958
[email protected]
West & Wales
Andrew Porter
07812 168 992
[email protected]
South East
Vince Ollard
07967 802 209
[email protected]
East
Kerry Eaves
07854 130 120
[email protected]
Central
Carol Shrubsole
07974 770 335
[email protected]
Scotland and North
Julie Bamber
07976 295 501
[email protected]
ACOM6142 07.14
Region
Allianz Insurance plc. Registered in England number 84638. Registered office: 57 Ladymead, Guildford, Surrey, GU1 1DB, United Kingdom.
Allianz Insurance plc is a member of the Association of British Insurers.
Allianz Insurance plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Financial Services Register number 121849.