Allianz Australia cements South Australia growth via RAA deal

About 300 RAA employees have joined Allianz.

Allianz Australia has partnered with the Royal Automobile Association of South Australia Incorporated (RAA) following regulatory approval received on 12 June. 

The agreement includes Allianz's acquisition of RAA’s general insurance business and a 20-year exclusive distribution arrangement for RAA’s Home and Motor insurance products.

As part of the transaction, approximately 300 RAA employees have joined Allianz. 

Despite the change in underwriting, all insurance products will continue under the RAA brand, maintaining its local identity and customer base.

RAA Insurance policies are now underwritten by Allianz Australia, marking a significant step in expanding Allianz’s presence in South Australia. 

The collaboration aims to enhance RAA’s offering to its 830,000 members by combining Allianz’s global insurance capabilities with RAA’s established brand and regional reach.