Allianz Global Corporate & Specialty - Asia offices assets/Singapore/AGCS... · • Machinery...

Allianz Global Corporate & Specialty - Asia

www.agcs.allianz.com

Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36

“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 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


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


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


5


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


• 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.


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.


6


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


• 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.


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.


7


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.


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.


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.


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


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


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


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