Zurich Australia is teaming with Mercedes-Benz Financial Services on cover for the car maker’s passenger and commercial vehicles, including combustion, electric and hybrid models.

The companies say Zurich technology is automating the underwriting process for insurance available through authorised Mercedes-Benz agents from today.

“The partnership builds upon an existing relationship between Zurich and Mercedes-Benz and utilises our local expertise and strong technological investment to deliver a product that will bring many benefits to Australians on our roads,” Zurich head of general insurance Alex Morgan said.

Zurich also has partnerships with Mercedes internationally.

Mercedes-Benz Elite Motor Insurance includes finance gap cover of up to 30% above an agreed or market value for a total loss, use of authorised Mercedes-Benz repairers and new vehicle replacement where eligible. It also offers electric vehicle-specific protections including certain charging-related damage and up to $10 million in liability cover.

The companies say the digital offering is integrated into Mercedes-Benz Australia’s insurance portal to simplify managing policies and claims.

Two years ago, Zurich teamed up with Tesla in Australia to provide insurance for its electric vehicles, after holding the same role in Switzerland.

A Mercedes spokesperson says the cover provided in partnership with Zurich Australia is a new addition to the Mercedes-Benz Financial Services portfolio. Insurance products backed by QBE and Allianz are also part of the portfolio.

---

From the latest Insurance News magazine: Why Zurich's local GI chief is upbeat about growth opportunities in the Australian market

---