Allane Mobility Group extends range of services with return protection insurance for lessees in cooperation with ELEMENT
Berlin, September 7th 2023 - Allane Mobility Group ("Allane"), a specialist in vehicle leasing and full service solutions in Germany, has once again expanded its range of services and now offers private and commercial customers the "Allane Return Protection" insurance. The new offer is made in cooperation with ELEMENT Insurance AG ("ELEMENT"), Europe's only full-service B2B2X insurance platform. The Allane Return Protection Insurance provides Allane lessees with comprehensive cover against unexpected costs that may arise when a leased vehicle is returned due to a determined reduction in value. The insurance covers a wide range of damage including paint damage, scratches, dents, dings, interior and boot damage and rim damage.
With our new insurance, we enable our customers to minimise the financial risks of leasing and offer them additional security and comfort. The 'Allane Return Protection' also supports our strategic objectives to further expand our modular service offering and to focus more on innovation and cooperation.Donglim Shin, CEO at Allane Mobility Group
We are delighted to be working with Allane Mobility Group. ELEMENT's vision is to make insurance as easy and available as possible for our partners throughout the European Union. We are convinced that the end customers of Allane Mobility Group will benefit from the new insurance offer.Tim Kaltofen, Vice President Sales at ELEMENT
The "Allane return protection" is effective when the lessor makes justified compensation claims resulting from reduced values due to excessive use of the vehicle. It applies to personal and commercial leases for up to ten vehicles on a mileage lease. The insurance is available for passenger cars and commercial vehicles up to 3.5 tons registered in Germany. The maximum insured value is EUR 210,000. The return protection insurance can be taken out for a maximum of one year before and eight weeks after the vehicle is handed over, with the term of the insurance contract corresponding to the term of the respective leasing contract. The compensation amounts to a maximum of EUR 3,000 net per leasing contract.
In the case of "Allane Return Protection", Allane acts as an intermediary, with the insurance contract being concluded between the lessee and ELEMENT. Through strategic partnerships and cooperations, Allane SE aims to continue expanding its product and service offering in the future in order to further strengthen its position in the leasing market.
Further information on "Allane Return Protection" is available here.
ELEMENT Insurance AG is the leader in the seamless delivery of insurance for its partners in Europe. The 100% cloud based InsurTech is licensed by the Federal Financial Supervisory Authority (BaFin) as a primary insurer for property and casualty insurance, while being able to operate as a risk carrier in all EU countries. As a digital icompany, ELEMENT can create innovative insurance solutions quickly, flexibly, reliably and efficiently along the entire B2B2X value chain in the European market. The combination of insurance and technology expertise makes ELEMENT a pioneer of digitization in the insurance industry.
Allane Mobility Group based in Pullach is a multi-brand provider of comprehensive mobility solutions. In its business fields Retail Leasing, Fleet Leasing and Fleet Management, the Company offers a wide range of services and innovative solutions that make mobility easy in every way.
Private and commercial customers use Allane’s online and offline platforms to lease new vehicles affordably or acquire used vehicles from a large stock. Corporate customers benefit from the cost-efficient full-service leasing of their vehicle fleet and from comprehensive fleet management expertise.
Allane SE (ISIN: DE000A0DPRE6) is listed in the Prime Standard of the Frankfurt Stock Exchange. In the 2022 financial year, the Group generated consolidated revenue of around EUR 717 million.
With around 92 percent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.