Acquirer(s)
- Allianz Australia Insurance Limited
Target(s)
- Royal Automobile Association of South Australia's general insurance business
Summary
Allianz Australia Insurance Limited proposes to acquire RAA Insurance Holdings Limited and its subsidiary RAA Insurance Limited (together, RAAI) from Royal Automobile Association of South Australia Incorporated (RAA) and enter into a 20-year agreement for RAA to exclusively distribute Allianz and RAAI underwritten insurance products.
Allianz Group is a global insurance service provider. Allianz offers a range of insurance products to customers in Australia. Allianz distributes general insurance products (including home, contents and motor insurance) directly to customers in Australia through its call centres and website, as well as through distribution arrangements with partners such as brokers, financial institutions and motor vehicle dealers.
RAA is an Australian-based, member-owned organisation that offers roadside assistance products, general insurance products, and other ancillary services to its members. RAAI underwrites home, contents and motor insurance. All of RAAI's products are distributed through the RAA network via call centres, physical branches (all of which are located in South Australia) and the RAA website. The proposed acquisition does not include RAA's membership-based business, which includes its roadside assistance business.
Allianz and RAAI overlap in the supply of personal lines general insurance, including home, contents and motor insurance.
Market inquiries
Submissions are invited from interested parties regarding Allianz’s proposed acquisition of RAAI by 14 February 2025.
Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au.
For more details, please refer to the Market Inquiries Letter published below.
Following 14 February 2025, queries regarding the ACCC’s review may also be addressed to mergers@accc.gov.au.
Market inquiries
| Document title | Date | |
|---|---|---|
| Allianz RAAI - Market inquiries letter - 31 January 2025 |
Timeline
| Date | Event |
|---|---|
ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
|
Closing date for submissions. |
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ACCC is seeking further information from the merger parties. Former provisional date for announcement of ACCC's findings (24 April 2025) is delayed. The ACCC will announce a revised provisional decision date in due course. |