Contract Win

AIM: NARS

Nationwide Accident Repair Services plc

("Nationwide" or "the Group")

Contract win

Nationwide, the largest dedicated provider of automotive crash repair services in the UK, is pleased to announce that, following a competitive tender process, it has signed a major new contract with Allianz Insurance plc ("Allianz"), in which Nationwide will be one of two preferred suppliers for vehicle accident repair and repair management services across the UK. The deal is estimated to be worth approximately £10 million per annum once fully implemented. The contract starts immediately and supports Nationwide's trading performance in the current financial year and beyond. 

Under the terms of the agreement, Allianz will use a range of Nationwide's vehicle repair services which include mobile and specialist glass services, courtesy vehicles as well as bodyshop-based repairs. Nationwide's Network Services Division will manage the deployment of the vehicle repairs. The contract follows Allianz's decision to consolidate its supply chain in order to gain operational efficiencies and provide enhanced customer experience. 

Paul Ashton of Allianz Insurance said,

"Following many months of customer research and analysis, the further consolidation of the Allianz repair network comes as a result of changing industry dynamics, increasing regulatory demands and a growing customer base.

This is an exciting time for Allianz and I am very much looking forward to working closely with our chosen partners to ensure that our service delivery will be market leading."

Michael Wilmshurst, chief executive of Nationwide, said,

"I am delighted that Nationwide has been selected as one of two preferred suppliers for all of Allianz's motor insurance repairs across the UK. Allianz's initiative is a progressive step and with our national network, common technology platform and skilled and committed team, we believe that we can help to deliver efficiency gains and first class services. We look forward to supporting Allianz in its objective to create an efficient, customer-friendly integrated vehicle repair service."

About Nationwide Accident Repair Services plc

Nationwide provides automotive crash repair and accident administration services to the UK insurance industry, fleet operators and retail customers and is the largest dedicated provider of accident repair services in the UK. 

The Group operates a national network of accident repair centres across England, Scotland and Wales and has dedicated mobile repair fleets which repair light damage and automotive glass. Other services include accident administration, courtesy cars and salvage management. All Nationwide's services are fully integrated and unified on a single IT platform, enabling the Group to provide market-leading standards.