Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 1. Allianz Global Corporate & Specialty - Asia.

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1 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 1 Allianz Global Corporate & Specialty - Asia

2 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 2 Content Allianz 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 The way our clients see their world varies, depending on where they are and what their business is. They have individual needs that require tailor-made solutions for which they can rely on us. We offer them expertise, financial strength and, above all, a shared vision in a global partnership. Axel Theis, CEO, Allianz Global Corporate & Specialty AG

3 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 3 Allianz Global Corporate & Specialty in Asia 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 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. Product Lines 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 Aviation Engineering Property Financial Lines Marine Energy Liability Risk Consulting Allianz Risk Transfer 3

4 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 4 Lines of business 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. industries: Semiconductor Telecommunication Electronics Real estate Airports Property All Risks Property Damage Business Interruption Contingent Business Interruption 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). industries: Machinery and equipment Electrical equipment Food & beverage Pharmaceutical/chemical companies (including product recall capabilities) Telecommunications Power generation utilities Public/Premises Liability Products & Completed Operations Liability Comprehensive General Liability Pharmaceutical & Clinical Trials (single or multi center) Product Recall (only alongside third party liability) 4

5 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 5 Marine The 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 pointof-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. industries: Bulk commodities (minerals & ores, oil, gas, petrochemicals etc.) Project cargo including Delay in Start-Up General cargo Electrical equipment Stock throughput Extended coverage for Inland Transit, Storage and other stages International program capabilities tailored to individual client needs 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: Power & Utilities / Construction & Operational Onshore Oil & Gas / Chemical Construction Heavy Civil Engineering Projects / Buildings Infrastructure Projects Heavy Industry Liability risks on Construction Projects Contractors All Risks Erection All Risks Contractors Plant and Equipment Machinery Breakdown Business Interruption Delay in Start-up Advanced Loss of Profits 5

6 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 6 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. industries: Energy exploration and production Transportation of oil, gas and petrochemicals Refineries Gas works Petrochemicals (hydrocarbon / organic chemistry) Chemical fertilizer factories (with explosion potential) 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 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. 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 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 6

7 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 7 Financial Lines Allianz 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). niche segment categories: Commercial enterprises Financial institutions Large Private Companies US listed companies Initial Public Offerings Stock exchanges Regional retail banks Finance companies 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 Allianz Risk Consultants Allianz Risk Consultants (ARC) is part of Allianz Global Corporate & Specialty AG. ARC firmly believes a welldeveloped 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. 7

8 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 8 Your key contact of choice The development of long-lasting trusted relationships with clients and their advisors is at the core of our service philosophy. Our key account management approach means that clients are supported by an integrated team led by an experienced manager, ensuring that we combine the highest standards of service with regular dialogue and technical understanding. 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 Account Manager is your central contact at Allianz the foundation of a trusted partnership. 8

9 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 9 Claims - the key test of any insurer The response to a claim is the key test of any insurer, and Allianz Global Corporate & Specialty can support clients with active claims management across all product 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 handling is always a key focus of our service never an after-thought. 9

10 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 10 Global businesses global challenges With globalization come new risks and challenges for multi-national companies. These require dynamic and flexible responses an area of 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. 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. 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. 10

11 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 11 Allianz Group financial services from A-Z Allianz is one of the world s leading financial services organizations, offering strength through diversity and a wide product range. 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 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 The Allianz Group consists of more than 250 companies worldwide offering tailored solutions whenever and wherever you need it. 11

12 Allianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 12 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 Phone Fax 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 every effort has been made to ensure that the information provided is accurate, this information is provided without 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 Division cannot be held responsible for any mistakes or omissions. Ref AGCS ab/0709/as