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Allianz Global Corporate & Specialty

Component Recall Insurance At a Glance

Date Published
July 27, 2020
Line of Business

Recent automotive product recalls have involved unit numbers in the millions, creating an unprecedented impact on manufacturers, suppliers and consumers. Recalling an automotive product costs more than five times the original distribution, making this a potentially debilitating financial loss for automotive parts manufacturers.

Luke Baker
Regional Head of Liability
Srdjan Todorovic
UK Head of Crisis Management
Simon Weaver
Product Recall Senior Underwriter
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