Allianz New Zealand An Overview 1
INSURER FINANCIAL STRENGTH RATING Allianz Australia Insurance Limited has an AA- insurer financial strength rating given by Standard & Poor s (Australia) Pty Limited. The rating scale of which this rating forms part is available for inspection at the offices of Allianz New Zealand: see www.allianz.co.nz for details. An overseas policyholder preference applies. Under Australian law, if Allianz Australia Insurance Limited is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on Allianz Australia Insurance Limited s Australian assets to satisfy New Zealand liabilities. 1
Welcome As one of the largest property and casualty insurers in the world, the Allianz Group is uniquely placed to provide the broadest possible range of insurance and related services, including the provision of tailored insurance and risk management solutions for large commercial, corporate and complex multinational clients. Marc Guppy CEO, Allianz New Zealand In New Zealand, we provide a full suite of insurance products from travel insurance to property and trade credit to pleasure craft. This positions ourselves in the market in a way that few, if any, other insurers can. Allianz is committed to the intermediated market and actively promotes a tripartite relationship with our clients and intermediaries where we share knowledge and experience to the mutual benefit of all. Dedicated to servicing the needs of New Zealand businesses, Allianz s claims and underwriting teams are amongst the most technically accomplished of any in the New Zealand insurance market. We recognise that commitment to superior service and product is key. We continue to invest in our people and capabilities to further strengthen our ability to meet the increasingly complex needs of our clients and intermediaries. Allianz Global Corporate and Specialty AM&T Allianz New Zealand Allianz Partners Clients Intermediary Club Marine Euler Hermes Hunter Premium Funding LeasePlan* Primacy Protecta* *Underwriting Agent not owned by Allianz Group or Allianz SE 1
Overview of Companies Allianz Corporate & Commercial Allianz offers a wide range of insurance products and services in New Zealand. With a combined premium income of over $4.73 billion and investment of more than $8.1 billion, Allianz Australia Insurance Limited is one of the largest general insurers in Australasia and was named Large General Insurance Company of the Year in 2017, 2016, 2014, 2013, 2012, 2011 and 2009 in the Australia and New Zealand Insurance Industry Awards and recognised as Employer of Choice for Gender Equality for the ninth consecutive year in 2017. Property Liability Commercial Motor Heavy Motor Allianz provides solutions for business and corporate clients seeking cover for property, liability, motor or transit risks. These insurances can be selected as required by the client or from part of a bespoke design complemented by other Allianz solutions in New Zealand. Allianz Australia Insurance Limited trades as Allianz New Zealand. http://www.allianz.co.nz 2
Allianz Global Corporate & Specialty (AGCS) AGCS is the Allianz centre of expertise for global business insurance and large corporate and speciality risks. With a worldwide network in more than 160 countries, AGCS is one of the very few global insurance providers with an exclusive focus in meeting the needs of corporate and specialty clients. AGCS offers business insurance through a comprehensive range of products and services including alternative risk transfer (ART), international insurance programs, captive/fronting solutions, as well as Oil & Gas Energy, Power & Utilities, PharmChem, Risk Consulting and loss control services. Property Liability Engineering Financial Lines Environmental Aviation Energy ART Construction & Engineering http://www.agcs.allianz.com/global-offices/pacific/ Allianz Partners Allianz Partners is a global family consisting of over 16,000 employees with a presence in 76 countries. For over 70 years, people around the world have trusted the brand Allianz Partners to provide them with best-in-class travel insurance and assistance services. Allianz Partners offices and the teams that drive them share a common mission and values, a commitment to continuous innovation, the ability to meet its partners demands and a truly customer centric approach. Allianz Partners is located at Allianz House on Auckland s North Shore where it employs over 90 staff members. Here it provides insurance cover to inbound or outbound international students, as well as corporate and leisure travellers. Customers can access its insurance policies and assistance services through the insurance network. Global assistance Leisure travel insurance Corporate travel insurance Expatriate medical repatriation Overseas visitors and student insurance Event insurance http://www.allianzpartners.co.nz 3
AM&T New Zealand AM&T is one of the leading specialists in marine and transit insurance. The team at AM&T consists of trusted experts in New Zealand and Australia when it comes to the sometimes complex world of marine and transit insurance. AM&T s range of products includes cargo, carriers, commercial hull and marine liabilities insurance. Marine Cargo Commercial Hull Marine Liability AM&T provides specialist knowledge, superior service and support. For more information visit; http://www.amandtnewzealand.co.nz Club Marine Club Marine is Australasia s largest provider of boat and pleasure craft insurance and has been trusted to protect New Zealand s boating lifestyle for over 30 years. Club Marine insurance has been designed by people passionate about boating and offers broad and flexible cover, outstanding claims service and all the benefits of being a Club Marine member, including Club Marine Assist. Club Marine also publishes the Club Marine Magazine, Australasia s leading marine lifestyle magazine and actively sponsors numerous marine organisations and clubs around New Zealand, including the Royal New Zealand Yacht Squadron, Outboard Boating Club, Legasea and New Zealand Sport Fishing Clubs nationwide. Pleasure craft http://www.clubmarine.co.nz 4
Euler Hermes Euler Hermes is one of the worldwide leaders in trade credit insurance, enabling businesses to grow sales with confidence by insuring the risk of bad debts incurred both here in New Zealand and overseas. Trade Credit Bonds Selling goods and services on credit terms is a major part of everyday business. Euler Hermes trade credit insurance covers this crucial B2B credit risk so that clients are not being punished by unpaid invoices caused by customer cash flow issues and insolvencies, political risk or contract repudiation. At the heart of the Euler Hermes trade credit insurance cover are the value added services that can be provided both locally and globally. Euler Hermes will not only research and grade countries, industry sectors and customers of clients on their ability to pay, but also collect overdue invoices and undertake legal action wherever possible in order to obtain payment for clients. Euler Hermes acquires and extends its global database of knowledge through a network of risk experts located in more than 50 nations around the world. This value added portfolio analysis and full collections/legal service is essential for clients making the best-informed decisions and facilitating higher and safer levels of trade. Euler Hermes trade credit insurance can also lead to stronger relationships for policyholders with their banks and other lenders. With a dedicated team of five staff in New Zealand and more than 40 years combined experience in the insurance sector, Euler Hermes New Zealand prides itself on delivering outstanding customer service to insurance brokers and their clients. http://www.eulerhermes.co.nz 5
Hunter Premium Funding Hunter Premium Funding is New Zealand s leading insurance premium funder. Premium Funding Hunter is a strong, non-bank lender with a solid history in premium funding. Hunter will provide you with flexible, competitive cash flow solutions to help support your customers, as well as your business. Hunter is recognised as a market leader for technological innovations, superior service and customer satisfaction. http://www.hpf.co.nz Primacy Primacy is New Zealand s leading provider of agricultural insurance products. Primacy s products provide risk management solutions for farmers and investors for horticulture, kiwifruit, greenhouse and plantation timber. Agriculture http://www.pum.co.nz 6
Allianz SE (Global) Strengths and experience in this industry Allianz SE is one of the leading global providers of insurance, banking and asset management services. Allianz SE is the largest insurance group in the world and one of the leading global providers in banking and asset management services. Founded in 1890 in Munich, the Allianz Group is present in 70 countries with over 143,000 employees and approximately 85 million customers. The Group s reputation can be attributed to the commitment, customer focus and professionalism of our employees. In the 2017 fiscal year, globally the Group achieved total revenues of more than 126.1b and an operating profit of 11.097b and 229% solvency ratio. Allianz is one of the world s largest asset managers, with third-party assets of 1.448b under management at year end 2017. 126.1b In total revenues 85 Million customers in 70 countries, serviced by 143,000 Employees Allianz SE is rated AA (Stable Outlook) Standard & Poors rating. * The Allianz Group s reputation has been growing for over 100 years and today millions of customers trust our expertise. * Standard & Poor s Global Credit Portal Ratings Direct 05 August 2017. 7
Allianz Australia Insurance Limited (incorporated in Australia) trading as Allianz New Zealand. Phone: 0800 500115 Fax: +64 9 309 3002 www.allianz.co.nz Disclaimer & Copyright Copyright 2017 Allianz 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 Australia Insurance Limited cannot be held responsible for any mistakes or omissions.