Allianz Malaysia Berhad (Allianz Malaysia) and Tesco Stores (Malaysia) Sdn Bhd today announced a strategic partnership with Tesco Malaysia becoming the first supermarket chain in the country to offer insurance products online. Through this partnership, Allianz Malaysia’s products will be available on Tesco Malaysia’s website.
Through the partnership, Allianz Malaysia’s Motor Comprehensive, Travel Care, Smart Home Cover and Enhanced Road Warrior (ERW) products will be available on supermarket’s website www.tesco.com.my. The deal will also see Allianz develop specialty products exclusively for Tesco customers in the near future.
“As a retailer that wants to serve our customers a little better every day, we are always looking for ways to provide convenience to our customers. Through our partnership with Allianz, we’re delighted to be able to offer our 3.5 million Tesco Clubcard customers the opportunity to purchase insurance coverage to fit their needs, at their fingertips,” said Paul Ritchie, Chief Executive Officer of Tesco Stores (Malaysia) Sdn Bhd.
The four insurance products were selected based on Tesco’s customer segments core value of convenience, simplicity, and value. Motor Comprehensive offers coverage for your vehicle against liabilities to third parties for death or bodily injuries, damages to third parties’ properties, accidental or fire damages to your car and theft of your car; Enhanced Road Warrior is a personal accident coverage that also offers 24-hour comprehensive roadside assistance and services; Smart Home Cover is the first customisable home insurance product that provides optional coverage against wear-and-tear, tenant damage and
mortgage loan installments; and Allianz Travel Care provides travellers with a peace of mind by providing protection against personal accident, medical expenses and travel inconveniences.
Tesco Clubcard members will also be able to earn points for their online insurance purchase, with double points awarded for purchases made during the launch period from
2 May to 2 June 2019.
Allianz Malaysia Berhad’s Chief Executive Officer Zakri Khir said: “Over the last couple of years Allianz has begun to adapt and embrace the digital change as a way to capitalise on new opportunities. Our appetite for partnerships has been strong and to date, we have 43 active partnerships across various platforms from mobility players to now supermarket chains. We like to keep our doors open and our commitment towards exploring innovation-led collaborations is the reason we are here today.”
“To put it quite simply, Tesco has ambitions to broaden its customer’s product offering and Allianz has the means and muscle to provide innovative insurance solutions to those customers. With these offerings, we hope to provide Tesco customers with innovative, customer-centric, value added insurance solutions.
And what we hope to achieve though this partnership is connect Malaysians digitally to insurance and of to build mutual customer affinity for both brands.”
In conjunction with the launch, there will be roadshows held at selected Tesco stores at Kepong (2-5 May), Ampang (10-12 May), Penang (17-19 May), Tanjung Pinang (24-26 May), and Melaka (31 May-2 June). The roadshows are being held to inform customers about Tesco and Allianz’s partnership. There will also be an Allianz Explorer event truck equipped with LCD TV and pop out stage that will be positioned outdoors at each store during the roadshows as well as various activities such as Virtual Reality Games, BMI Health Check, Roadshow sign challenge, and free gifts.