Allianz strikes new fleet deal with Toyota and Lexus

Allianz Insurance has entered into a new vehicle fleet deal with Toyota and Lexus that will see the insurer switch to hybrid power.

The agreement, which will run until 2023, is part of its commitment to creating a more sustainable future by significantly reducing the environmental impact.

Allianz highlighted its commitment to sourcing 100 percent of its global electricity needs from renewable sources by 2023. The group is number one insurer in the Dow Jones Sustainability Index and has been carbon neutral since 2012.

In 2018, Allianz announced it would be withdrawing from insuring coal-fired power plants or individual coal mines as part of a drive towards a low carbon economy and the group are founder members of the UN backed Net-Zero Asset Owner Alliance.

“At Allianz we are committed to creating a more sustainable future. I’m delighted that our large vehicle fleet is a key area of our business where we can take positive steps to reduce our environmental impact," said Bettina Gross, head of procurement, Allianz Insurance.

As part of the deal, Allianz will receive a delivery of up to 200 vehicles a year as it transitions its vehicle fleet away from diesel power to Toyota’s self-charging hybrid technology. The new arrangement also supports UK automotive manufacturing, as the models will include the new Toyota Corolla and Corolla Touring Sports, both of which are built at Toyota’s factory in Derbyshire.

Gross said: “We have been impressed by the real-world efficiency of the Toyota and Lexus hybrids, the quality of the vehicles and the reliable and thorough support the company provides for its fleet customers.”

Tuart Ferma, general manager Toyota and Lexus Fleet Sales, said: “Our fleet customers need to be sure that they are not only making an environmentally sound choice, but that they can also count on the quality, durability and reliability of the vehicles, economic running costs and comprehensive support services. We’re delighted that Allianz has chosen Toyota and Lexus hybrids and look forward to building a successful relationship with them as a valued fleet customer.”