Allianz Launches Flexible Home Insurance Product

LONDON, September 27, 2011 -

Allianz Insurance has launched a new online-only home insurance product that provides customers with the flexibility to build their own policy.

Your Cover’s new home insurance product enables customers to purchase a basic level of comprehensive cover and build a bespoke policy by adding up to 11 optional insurance extras including identity fraud protection, home business cover, sports equipment insurance and 24-hour home emergency assistance.

Consumers can now log on to the customer-centric ‘quote and buy’ website, www.yourcoverinsurance.co.uk/, which has been designed to make the buying experience as easy as possible. The product will also be available on major price comparisons websites in the near future.

Andy James, head of direct at Allianz Retail, says: “At a time when the incomes of Britain’s households are feeling the pinch more than ever, our new home insurance cover is aimed at giving consumers greater flexibility and choice to help keep their costs down by only selecting the level of cover that they need.”

Notes to Editors:

1. Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide. Reassuringly in these uncertain financial times, in July 2011 the Standard and Poor’s rating for Allianz Insurance was reaffirmed as AA- with a stable outlook and the rating of Allianz SE was also reaffirmed as AA with a stable outlook.

2. Launched earlier this month, Your Cover home insurance is a new breed of insurance product offering you cover that you can select yourself to match your own lifestyle and circumstances. With our easy ‘Quote and Buy’ website, Your Cover insurance makes it simple to obtain a quote and manage your home insurance online. Your Cover insurance is the end result of more than two years customer research involving thousands of insurance buyers.

3. Your Cover insurance quotes are available online at www.yourcoverinsurance.co.uk.

Allianz Insurance plc is authorised and regulated by the Financial Services Authority Allianz Insurance plc 57 Ladymead Guildford Surrey GU1 1DB Tel +44(0)1483 568161 Fax +44(0)1483 300952 www.allianz.co.uk Allianz Insurance plc Registered in England number 84638 Registered Office 57 Ladymead Guildford, Surrey GU1 1DB

Daniel Tunna, external communications team leader, Allianz Insurance plc, Tel: +44(0)1483 552969, Mobile: +44(0)7891 486640, Email: daniel.tunna at allianz.co.uk