Allianz Partners, a global leader in insurance and assistance services, has signed a strategic partnership agreement with Chery International, a Chinese automobile manufacturer. The agreement, effective until December 31, 2027, aims to enhance mobility solutions in European markets. The partnership was formalized at an official signing ceremony in Wuhu, Anhui, China, on February 15, 2025.
Comprehensive insurance and assistance programs
Under the three-year framework cooperation agreement, Allianz Partners will become Chery’s preferred partner for insurance and service programs across Europe. These programs will include Motor Third Party Liability (MTPL), Motor Own Damage (MOD), Roadside Assistance (RSA), extended warranties for new and used vehicles, and battery warranty extensions. Additionally, the collaboration will explore initiatives related to Total Cost of Ownership (TCO) optimization, Environmental, Social, and Governance (ESG) initiatives, data connectivity, and derivative solutions such as Usage-Based Insurance (UBI), Mobility as a Service (MaaS), and cyber protection.
Future market expansion and growth
The partnership will initially focus on key European markets where Allianz and Chery already collaborate in motor insurance and roadside assistance, including Italy, Poland, and Spain. Expansion into additional markets such as Belgium, France, Germany, and the Netherlands is planned for 2025 and beyond.
Jean-Marc Pailhol, Chief Officer of Global Strategic Partnerships and Member of the Board at Allianz Partners, emphasized the importance of the collaboration, stating, “This partnership underscores the recognition of the Allianz brand by Chinese OEM partners and our commitment to enabling global mobility players.”
Charlie Zhang, Executive Vice President of Chery International, highlighted the significance of the agreement for Chery’s European market expansion. “This partnership has significantly improved the user service experience, establishing a strong foundation for Chery's brand development in Europe,” he said.
Chery’s expansion strategy also includes its sub-brand OMODA&JAECOO, followed by the family-friendly Chery brand and the premium EXLANTIX brand. These brands, supported by Chery Group’s research and development capabilities, are expected to play a key role in the company's European market growth.
The agreement marks a significant milestone for both companies as they collaborate on innovative mobility and insurance solutions tailored to the evolving European automotive landscape.
