Allianz Partners UK has entered the bicycle insurance market via a collaboration with existing ally Yellow Jersey with which it already shares a specialist sports travel scheme.
Under the new tie-up, the specialist cycle insurance firm will be in charge of marketing, customer service, and claims administration, while Allianz Partners UK will provide underwriting services for Yellow Jersey’s bicycle insurance offering which covers both the cyclist and the equipment.
“This is an exciting new contract for us, not only as a new partnership with Yellow Jersey but it also sees the business entering the bicycle market,” commented Ben Massingham, head of corporate at Allianz Partners UK. “When considering new partnerships, it is vital to Allianz Partners that the businesses we work with share our customer-centric focus, always seeking to do what’s best for the customer.
“Yellow Jersey is the perfect partner in this sense because it is an expert in the market that understands the requirements of the cycling community in detail.”
Meanwhile Yellow Jersey’s Tom McMorrin described Allianz Partners UK as the “obvious choice” when they were looking for a new provider.
“We can now provide our customers insurance with the highest level of security, as well as complete peace of mind knowing they are looked after by a customer-centric company,” said McMorrin.
“By utilising the Allianz Partners underwriting expertise to strengthen our own specialist market insight and claims management, this new partnership is a perfect fit for us, and most importantly, our customers.”