Specialist cycle insurance firm, Yellow Jersey (part of the Plan Group), has selected Allianz Partners UK to provide underwriting services for its bicycle insurance offering. The new partnership sees Allianz Partners provide the bicycle insurance, to cover both cyclist and equipment in the UK and abroad. This compliments the specialist sports travel scheme that Allianz Partners UK and Yellow Jersey already share.
Under this new contract, Yellow Jersey will use its specialist knowledge of the cycling market to handle the marketing, customer service and claims administration, while Allianz Partners will oversee the underwriting of the schemes.
Yellow Jersey has three levels of cover available on its website, for both annual and short term policies:
1. ESSENTIALS: designed for individuals and families who enjoy cycling mainly as a leisure activity, or for daily errands and commutes within the UK.
2. PERFORMANCE: designed for the enthusiastic cyclist. This package is aimed at riders who enter events and ride mid-range bikes, and perhaps own more than one. Cover extends to the EU.
3. ULTIMATE: designed for cyclists that compete regularly in the UK and abroad in triathlons or mountain bike races. Cover extends worldwide.
Ben Massingham, Head of Corporate at Allianz Partners UK commented: “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. 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.
“When we met with Yellow Jersey we were immediately impressed with its specialist knowledge and the way it always puts the customer first. From then on we knew the Yellow Jersey claims administration would be a great fit alongside the Allianz Partners UK underwriting expertise as we grow and learn together. As a forward-looking business, we continually seek opportunities to enter new markets, and are delighted that this partnership with Yellow Jersey will allow us to work collaboratively to bring new and innovative solutions to support the cycling community.”
Tom McMorrin of Yellow Jersey added: “When we sought a new provider for our bicycle insurance, Allianz Partners was the obvious choice. 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. 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.”