Allianz and SYNETIQ launch digital platform to automate green parts sourcing

green-car-parts

Allianz Insurance and salvage and recycling company SYNETIQ have launched a digital platform that helps vehicle repairers source green parts.

The platform, mygreenparts, digitalises the supply of recycled spare parts, facilitating the purchasing process for bodyshops and supporting sustainable repairs.

Offering parts that match repair standards and insurance requirements, it is the first-to-market solution for these two sectors.

How it works

When repairers generate an estimate for a vehicle repair, their software automatically notifies SYNETIQ’s stock control system of the parts required – within rules agreed with Allianz. This enables SYNETIQ to offer matching parts. These are non-safety critical parts, such as doors, body panels and headlamps that have been graded, cleaned, checked and come with a certificate of parts conformity.

The advantages

Green parts are more environmentally friendly than their newly manufactured equivalent and they cost up to 75% less.

SYNETIQ, which dismantles vehicles that Allianz has written off, ensures their parts are processed responsibly, with component inspection and full traceability.

mygreenparts allows companies to measure and report the emissions and carbon savings they achieve through this climate-conscious approach. It also captures data to identify trends to enhance fulfilment rates.

The platform is expected to increase the proportion of green parts used in vehicle repairs.

Nick Rossiter, motor damage strategy manager, Allianz Claims, commented:

“Through their long partnership, Allianz and SYNETIQ have worked together on an ethical and sustainable approach to vehicle repairs. The mygreenparts platform allows a seamless process for our repairers to purchase green parts, benefitting our customers, repair network and the planet.”

Tom Rumboll, CEO of SYNETIQ, added:

“As the only truly integrated supplier of green parts on a national scale, we handle the complete process of vehicle salvage from start to finish. Enhancing our leading green parts service directly to insurers, via bodyshops, is a great step forward in our common goal of automated and sustainable motoring solutions.”

Insurers and fleet operators currently using SYNETIQ’S mygreenfleet system will be able to migrate to the new platform, and benefit from time and CO2 savings, while the development of mygreenparts allows it to integrate with other bodyshop management systems and reach a wider audience.

Authored by Allianz

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About Allianz

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group,  a leading integrated financial services provider and the largest property and casualty insurer in the world.  

The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth. We aim to achieve this by putting the customer at the heart of everything we do. 

Allianz is able to offer customers a wide range of products and services including home and motor and commercial insurance with full range of products and service for sole traders' right up to large commercial organisations.  

Allianz Insurance employs over 4,500 people across a network of 20 offices in the UK and the company’s Head Office is situated in Guildford, Surrey.  Our heritage and financial strength help make Allianz what it is today; a safe and trusted partner. Over 40 FTSE100 companies partner with Allianz.  youTalk-insurance sharing Allianz Insurance news and video

 

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