Allianz Fined $13.5 Million for Misleading Public on Travel Insurance

The company was fined for failing to disclose limits on travel insurance products.

The logo of German insurer Allianz stands on the company's office buildings in Berlin, Germany on February 23, 2010. Sean Gallup/Getty Images

Insurance giant Allianz Australia has been handed a multimillion-dollar fine for criminally misleading the public about the maximum travel policy benefits available to customers.

Allianz and travel insurance expert AWP Australia pleaded guilty in June 2022 to charges linked to misrepresenting the nature of travel insurance for customers between 2016 and 2018.