Insurer Allianz is escalating its policy to reduce annual Europe-wide CO2 emissions by 30,000 tons saying that increasing the green repairs by 2 percentage points would lead to greater efforts and higher sustainability standards in motor repairs.
Allianz made sustainable car insurance its focus at the 10th Allianz Motor Day, where discussions centre on electric mobility as a key lever for decarbonisation; and green claims management as a way of reducing CO2 emissions.
“In car insurance, we see many levers in sustainable claims management that can significantly reduce CO2 emissions,” said Klaus-Peter Roehler, head of insurance for Germany, Switzerland, Central and Eastern Europe as well as Global P/C Retail and SMC and Global Claims at Allianz SE. “In this context, finding suitable opportunities to repair rather than use new parts is of the greatest importance.”
The production of a new part has a significantly higher carbon footprint than a repair.
“While these repair options are already being used today, we still see great potential for improvement here. If insurers increase repair rates in Europe by just two percentage points per year, according to our experts, almost 30,000 tons of CO2 emissions can be avoided, equivalent to the annual energy consumption of around 5,100 households,” explains Roehler.
“This underpins our proposition to increase green repairs in the future.”
In the UK, Allianz Commercial and LV= recently partnered with salvage provider, Synetiq, to help repairers source green parts automatically.
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