CEO Interviews

The interview: Dr. Jan Hendrik Voss, president of Ferrari Australasia, on crafting a groundbreaking new insurance product

By Bryle B. Suralta

One common dilemma among supercar owners is that the higher the value the cars are, the more customised their insurance policies are. If a vehicle like Ferrari is peerless in its prestige, then so should its insurance be, after all. Ferrari Australasia recently addressed the need for such by introducing a first-of-its-kind service: its own insurance product.

The exciting news was announced at the 2024 Australian Formula 1 Grand Prix in Melbourne. Ferrari Australasia partnered with Melbourne-based Metrix Insurance Brokers to create insurance products that offer up to AU$ 50 million in coverage. President Dr. Jan Hendrik Voss talks about coming up with an insurance product that should be just as remarkable as a Ferrari.

Boulevard: Ferrari Insurance is a global first. What prompted you to introduce the product this year?

Dr. Jan Hendrik Voss: Drawing inspiration from direct client feedback and challenges encountered by Ferrari owners, we set out to craft an insurance product that transcends the ordinary. We had a mission of safeguarding our clients’ prised assets while delivering a meticulously crafted experience for both the current and future Ferrari owner.

This bespoke Ferrari Insurance offering has been developed to provide comprehensive coverage for both modern marvels and timeless classics. Whether our clients are into cruising down the open road or pushing the limits on the track, our white-glove service ensures that our Ferrari experience remains unparalleled, and that our clients are protected.

Blvd: What sets it apart from other insurance offerings? Ferrari owners are entitled to up to AU$ 200,000 coverage for track-related activities, yes?

Voss: Ferrari Insurance is crafted to meet individual needs. Whether it’s on the racetrack or the open road, we understand that each Ferrari is as unique as its owner. Our coverage caters to each client independently, considering their driving habits, preferences and even annual mileage. Ferrari Insurance offers unparalleled service and peace of mind for these iconic vehicles.

It also has a customer-first approach, ensuring that clients feel safeguarded whether they’re driving their Ferraris on the road or the track. For those fortunate enough to own multiple Ferraris, we create custom policies that cater to the cars they use most frequently, as well as the cherished collector’s pieces that hold pride of place in their collection.

Blvd: Can you tell us more about the four-year new-for-old replacement policy?

Voss: Ferrari clients deserve custom insurance policies because each vehicle is its own masterpiece. The value of these Ferraris can vary significantly based on factors such as the year, model, available options and rarity. That’s precisely why we’ve introduced this part of the product.

Our goal was to exceed our client’s expectations and make sure that, in the unfortunate event of an accident, they receive an amount that allows them to replace the car at its true current market value.

Acknowledging that our clients lead exceptionally busy lives and value their privacy, our policy ensures a smooth process. From the very moment they take possession of their Ferrari, they can rest assured that their cherished vehicle is protected with a personalised, customer-focused approach.

Blvd: How does this flexibility benefit Ferrari owners?

Voss: When a Ferrari is acquired, we want its insurance policy tailored to owners’ unique needs. We aim to make the process of ensuring such an exceptional product seamless and personalised. By doing so, we not only provide them with coverage but also with a warm welcome into the Ferrari family.

Ferrari insurance service applies to both new and existing Ferrari purchases in the region. For more information, contact a local Ferrari dealer or visit Ferrari.

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