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Allianz Global Corporate & Specialty - Asia
www.agcs.allianz.com
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 1
“The way our clients see their world varies, dependingon where they are and what their business is. Theyhave individual needs that require tailor-madesolutions for which they can rely on us. We offer themexpertise, financial strength and, above all, a sharedvision in a global partnership.”
Axel Theis, CEO, Allianz Global Corporate & Specialty AG
ContentAllianz Global Corporate & Specialty in Asia 3
Lines of business 4
Your key contact of choice 8
Claims - the key test of any insurer 9
Global businesses - global challenges 10
Allianz Group – financial services from A-Z 11
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 2
Allianz Global Corporate & Specialty in the Asia
Pacific region consists of two units coordinated
out of Singapore and Australia. Both teams
comprise a team of highly qualified and
experienced individuals with international
expertise in all lines of business: Casualty,
Property, Energy, Engineering, Marine, Aviation
and Financial Lines, with special expertise in
niche product markets such as Directors &
Officers (D&O), Professional Indemnity (PI) and
Product Recall.
Allianz Global Corporate & Specialty Asia as a
Division of Allianz SE Reinsurance Branch Asia
Pacific offers for reinsurance business financial
strength and consistently high ratings:
A.M. Best = A+
Moody’s = Aa3
Standard & Poor’s = AA.
The spectacular industrialization and commercial development of
the Asia Pacific region poses substantial new challenges for the
insurance sector. To meet these challenges, Allianz Global
Corporate & Specialty has established a dedicated team to serve
clients across Asia.
Allianz Global Corporate & Specialty in Asia
3
Allianz Global Corporate & Specialty - at a glance
• Offers the security and capacity of one of the
industry’s strongest balance sheets
• The Allianz center of competence for major
corporate and specialist risk solutions
• Offers genuine global reach through a
worldwide network in over 150 countries,
consisting of Allianz companies in more than
70 countries plus carefully selected network
partners
• One of the foremost International Insurance
Program (IIP) providers for companies
worldwide, leading over 1,000 IIPs
containing more than 7,000 client policies
• Provides insurance for more than half of the
Fortune Global 500® companies
• Employs more than 2,500 people worldwide
• Offers stability through a diversified
business portfolio - both by segment and
by geography
Product Lines
Aviation Marine
Engineering Energy
Property Liability
Financial Lines Risk Consulting
Allianz Risk Transfer
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 3
Focus includes the following
industries:
• Semiconductor
• Telecommunication
• Electronics
• Real estate
• Airports
Coverage includes:
• Property All Risks
• Property Damage
• Business Interruption
• Contingent Business
Interruption
Property Allianz Global Corporate & Specialty Property provides
individual as well as global coverage through International
Insurance Programs using Allianz’s unique global network.
Clients benefit from the risk management expertise and
know-how of our specialized and highly qualified
underwriters and engineers, supported by our international
claims handling expertise.
4
Focus includes the following
industries:
• Machinery and
equipment
• Electrical equipment
• Food & beverage
• Pharmaceutical/chemical
companies (including
product recall capabilities)
• Telecommunications
• Power generation utilities
Coverage includes:
• Public/Premises Liability
• Products & Completed
Operations Liability
• Comprehensive General
Liability
• Pharmaceutical &
Clinical Trials (single or
multi center)
• Product Recall
(only alongside third
party liability)
Casualty The Allianz Global Corporate & Specialty Casualty team offers
extensive coverage for a wide range of commercial liability
risks. Our liability solutions reflect our experience as an
international insurer and many years of close cooperation
with major global clients. Offering both regional and
international programs if required, we can provide large
underwriting capacity (including for USA and Canada).
Lines of business
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 4
5
Focus includes the following
industries:
• Power & Utilities /
Construction &
Operational
• Onshore Oil & Gas /
Chemical Construction
• Heavy Civil Engineering
Projects / Buildings
• Infrastructure Projects
• Heavy Industry
• Liability risks on
Construction Projects
Coverage includes:
• Contractors All Risks
• Erection All Risks
• Contractors Plant and
Equipment
• Machinery Breakdown
• Business Interruption
• Delay in Start-up
• Advanced Loss of Profits
Engineering Allianz Global Corporate & Specialty Engineering provides
insurance and risk management solutions across the whole
spectrum of engineering business. We have the experience
and technical expertise to underwrite the largest and most
complex engineering risks, supported by global expert teams
from across the industry.
Focus includes the following
industries:
• Bulk commodities
(minerals & ores, oil, gas,
petrochemicals etc.)
• Project cargo including
Delay in Start-Up
• General cargo
• Electrical equipment
• Stock throughput
Coverage includes:
• Extended coverage for
Inland Transit, Storage
and other stages
• International program
capabilities tailored to
individual client needs
MarineThe Allianz Global Corporate & Specialty Marine specialist
cargo team in Singapore, supported by local Allianz offices
and a worldwide network, offers major capacity for large
multinational companies as well as a local presence for
smaller national and regional clients. We provide
comprehensive protection for loss or damage of goods
shipped on all types of conveyances, from warehouse point-
of-origin to warehouse point-of-destination, including
storage. Our international marine hull and liability team
offers specialist covers for major shipping risks such as the
largest blue-water fleets.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 5
6
Focus includes the following
industries:
• Energy exploration and
production
• Transportation of oil, gas
and petrochemicals
• Refineries
• Gas works
• Petrochemicals
(hydrocarbon / organic
chemistry)
• Chemical fertilizer
factories (with explosion
potential)
Coverage includes:
Onshore / “downstream”
• Property Damage
• Business Interruption
• Machinery Breakdown
Offshore/ “upstream”
• Offshore Construction
• PD & BI coverage
• Including Operator’s
Extra Expense, Loss of
Production Income and
associated Marine &
Exploration & Production
Liabilities
Energy Allianz Global Corporate & Specialty Energy provides
extensive global onshore and offshore underwriting and
engineering expertise backed by substantial capacity for the
largest risks. Serving the top 250 global oil & gas companies,
the energy team adopts a truly global approach towards
underwriting rules, engineering and claims handling.
Focus includes the following
classes of Airlines,
Aerospace and General
Aviation (aircraft < 50 seats):
• Fixed and rotor wing
aircraft
• Corporate jets
• Small commercial
operations
• Private aircraft
• Flying schools and clubs
• Charter operations
• Airport operators/ hangar
keepers
• Maintenance, repair &
service providers
Coverage includes:
• Aircraft Hull All Risks
• Spares
• Hull War Risks
• Aircraft Liability
(Passenger & Third Party)
• Crew Personal Accident
Insurance
• General liability cover for
service providers
(premises, hangar
keepers and products
liability)
• Non-Owned aircraft
liability
Aviation Allianz Global Corporate & Specialty AG has more than 80
years’ experience in the aviation sector and is a world leader
in airlines, aerospace and general aviation. Our international
teams – based in London for Airlines and Aerospace and in
Singapore for General Aviation – provide thorough knowledge
and expertise of all aspects of the aviation market.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 6
7
Focus includes the following
niche segment categories:
• Commercial enterprises
• Financial institutions
• Large Private Companies
• US listed companies
• Initial Public Offerings
• Stock exchanges
• Regional retail banks
• Finance companies
Coverage includes:
• Directors & Officers
• Bankers’ Blanket Bond
• Commercial Crime
• Financial Institutions
• Professional Indemnity
• Employment Practices
Liability
• Prospectus Liability /
Public Offerings of
Securities Insurance
• Professional Indemnity
• Pension Trustee Liability
Financial LinesAllianz Global Corporate & Specialty Financial Lines offers
substantial Directors and Officers (D&O) capacity and
expertise for commercial enterprises, financial institutions,
US-listed companies, as well as for Initial Public Offerings (IPOs).
Allianz Risk ConsultantsAllianz Risk Consultants (ARC) is part of Allianz Global
Corporate & Specialty AG. ARC firmly believes a well-
developed risk management program, combined with
carefully selected insurance cover, is vital to the long-term
success of a business. ARC is committed to supporting clients
in a collaborative partnership through risk identification, risk
analysis and evaluation, risk control, implementing risk
control measures and monitoring results.
Combined industry and regional know-how
With its headquarters in Munich, Germany, the ARC network
comprises over 200 specialists worldwide. ARC Singapore is
the hub for Asia Pacific, with risk consultants located in
Singapore, China and Australia. This multidisciplinary and
multinational risk team is able to provide services across all
industry segments.
Focus on:
• Property Damage & Business Interruption
• Machinery Breakdown & Business Interruption
• Construction and Erection All Risks & Business
Interruption
• Public & Products Liability
The close cooperation between ARC and Claims teams
ensures that risk consultancy techniques are constantly
refined to reflect current and future loss trends.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 7
8
The development of long-lasting trusted relationshipswith clients and their advisors is at the core of ourservice philosophy. Our key account managementapproach means that clients are supported by anintegrated team led by an experienced manager,ensuring that we combine the highest standards ofservice with regular dialogue and technicalunderstanding.
Our Key Account Managers
• Act as a single point of contact for our clients and brokers
• Ensure local decision making for fast responses
• Continuously work with clients and brokers to identify their
needs
• Act as the “client’s advocate” within Allianz, coordinating
the overall Allianz service to fit each client’s needs
• Provide easy and fast access to key decision makers
• Offer easy access to the whole product range of the Allianz
Group
Your key contact of choice
Your Key Account Manager is your
central contact at Allianz – the
foundation of a trusted partnership.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 8
9
The response to a claim is the key test of any insurer,and Allianz Global Corporate & Specialty can supportclients with active claims management across allproduct areas.
A major strength of Allianz Global
Corporate & Specialty is its network of
companies in Asia and around the
world, providing prompt and efficient
local claims services with an
understanding of local peculiarities. At
the regional hub in Singapore, we have
a team of qualified claims
professionals with experience in
handling claims from around the
region. The team provides the full range
of claims services for both “short-tail”
and “long-tail” products offered by
Allianz Global Corporate & Specialty.
As part of a global network, we are able
to benefit from lessons learnt by
handling major claims worldwide and
share these new insights with our
clients. Furthermore, through the close
cooperation between our claims,
underwriting and risk consultancy
teams, our claims specialists are able to
keep abreast of the latest claims trends
as well as potential losses.
Claims - the key test of any insurer
Claims handling is always a keyfocus of our service – never anafter-thought.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 9
10
With globalization come new risks and challenges for multi-nationalcompanies. These require dynamic and flexible responses – an areaof specialist client service for which Allianz Global Corporate &Specialty is uniquely equipped.
International Insurance
Programs
Allianz Global Corporate & Specialty is
a leading provider of International
Insurance Programs (IIP) for
companies with multi-national risks.
With currently over 1000 IIPs under
lead management, Allianz Global
Corporate & Specialty has a proven
track record in delivering the most
complex international programs.
While the worldwide scope of coverage
and premium is negotiated with the
head office of our client, local policies
are issued by our worldwide network
according to “good local standards”
, taking into account local specifics and
client exposures and in compliance
with local regulatory and fiscal rules.
Limitations in local policies are
addressed by the Allianz Master Cover
in the client’s domicile country,
providing DIC/DIL (Difference in
Conditions and Difference in Limits)
cover to accommodate coverage at
local level.
A truly global reach
A core element that sets Allianz apart is
our truly worldwide reach. Allianz is
represented in over 70 countries with
Allianz-owned local offices. Elsewhere,
we work with carefully selected network
partners. In total, Allianz can support
clients with policy issuance in more
than 150 countries. This enables us to
provide truly global coverage while
focusing on your local needs.
Global businesses – global challenges
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 10
11
Allianz was founded in 1890 in Berlin and is now represented in many countries
around the world, generating revenues of more than € 92 billion in 2008. With a
strong portfolio of well-known brands and a total of more than 155,000 employees,
the Allianz Group now serves over 80 million customers globally.
For full information about Allianz products worldwide see www.allianz.com.
The Allianz Group consists of more than
250 companies worldwide – offering
tailored solutions whenever and wherever
you need it.
Allianz is one of the world’s leading financial servicesorganizations, offering strength through diversity and awide product range.
Allianz Group – financial services from A-Z
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 11
www.agcs.allianz.com
Disclaimer & Copyright
Copyright © 2009 Allianz Global Corporate & Specialty (Allianz SE Reinsurance Branch Asia Pacific -Global Corporate and Specialty Division). All rights reserved.
The material contained in this publication is designed to provide general information only. Whilst everyeffort has been made to ensure that the information provided is accurate, this information is providedwithout any representation or warranty of any kind about its accuracy and Allianz Global Corporate &Specialty and/or Allianz SE Reinsurance Branch Asia Pacific Global Corporate and Specialty Divisioncannot be held responsible for any mistakes or omissions.
Ref AGCS ab/0709/AS
Contact:
Kevin Leong
Head of Market Management & Communication
Allianz Global Corporate & Specialty Asia Pacific
Allianz SE Reinsurance Branch Asia Pacific
Global Corporate & Specialty Division
3 Temasek Avenue
#08-01 Centennial Tower
Singapore 039190
Phone +65 6297 8801
Fax +65 6297 8901
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 12