RAA partners with Allianz in $642M deal to enhance insurance offerings
12/21/24, 6:46 PM
Location
Money
$642 million
Industry
travel
Type
partnership
RAA has announced a 20-year partnership with Allianz Australia aimed at improving insurance offerings and value for RAA members. The deal involves Allianz's acquisition of RAA's general insurance business and an exclusive distribution agreement for the Home and Motor insurance product lines of RAA. Allianz will bring their expertise to over 800,000 RAA members and manage claims and underwriting insurance policies under the RAA brand.