Allianz Global Corporate & Specialty Your Partner in Financial Lines 3 rd Allianz Financial Lines Conference in Russia Professional Indemnity Insurance Karolina Vogelpohl Regional Manager Financial Lines Nordic & CEE 09 October 2012
Table of contents 1 Allianz SE Introduction 2 Allianz Global Corporate & Specialty AG (AGCS) 3 Financial Lines 2
Allianz An Introduction Allianz Group is one of the world s leading insurers and financial services providers Founded in 1890 in Berlin, Allianz companies now extend to over 70 countries with approximately 142,000 employees and 78 million customers Insurer financial strength rating of AA ( Very Strong ) from S&P and A+ ( Superior ) from A.M. Best International network of strong brands, with first-class products in the fields of: 1. Property and casualty insurance 2. Life and health insurance 3. Asset management For more information visit www.allianz.com. 3
Table of contents 1 Allianz SE Introduction 2 Allianz Global Corporate & Specialty AG (AGCS) 3 Financial Lines 4
Allianz Global Corporate & Specialty An overview We are one of the few specialist corporate insurers with a genuine global market presence who can provide one carrier insurance solutions across the whole spectrum of corporate and specialty risks. Diversified product portfolio Wide range of complementary services, including specialist non-traditional risk transfer solutions provided by our subsidiary ART Financial strength: 4.9 billion GWP (2011) Global reach: integrated in the Allianz network of more than 150 countries worldwide Extensive international experience: manages some 1,600 International Insurance Programs More than 3,400 dedicated employees Product lines Aviation Engineering Property Financial Lines Allianz Risk Transfer Marine Energy Liability AGCS office locations: Risk Consulting Australia Austria Belgium Brazil Canada Denmark Dubai Finland France Germany Hong Kong Ireland Italy Japan Mexico New Zealand Norway Portugal Russia Singapore South Africa Spain Sweden Switzerland The Netherlands United Kingdom United States 5
AGCS ratings Very strong financial strength ratings confirmed AGCS remains one of the highest rated global P&C insurers Allianz Global Corporate & Specialty (AGCS) company name AGCS AG, AGCS (France), AGCS North America* Allianz Fire & Marine Insurance (Japan) Ltd. Standard & Poor s A.M. Best FSR Outlook (Jan 27, 2012) FSR Outlook (June 6, 2012) AA Negative A+ Stable AA- No change (negative) n/a n/a Allianz Risk Transfer AG AA- Negative A Stable *AGCS NA includes Allianz Global Risks US Insurance Company, Allianz Underwriters Insurance Company, AGCS Marine Insurance Company S&P comments (rating report Jan 27, 2012): We are affirming the ( ) insurer financial strength ratings on Allianz SE and its related core entities (..) on the basis of the group's very strong earnings and business diversity. The current ratings remain supported by the group s very strong competitive position, reflecting very strong segmental and geographic diversity in revenues and profits. A.M. Best comments (June 6, 2012): Allianz SE s risk-adjusted capitalization (both on a stressed and standard basis) remained very strong at yearend 2011, despite significant impairments, and in this context A.M. Best deems the organization s exposures manageable. In addition, the group maintains a very strong business profile and benefits from a very high degree of diversification, both in terms of business and markets. 6
The Allianz network Combining one of the largest own-office networks with carefully selected partners, Allianz Global Corporate & Specialty provides a truly global reach. For details on our global network please visit www.agcs.allianz.com/global-offices Covering more than 150 countries worldwide, our network ensures that clients have access to Allianz services wherever and whenever they need it. 7
Claims Services Experts beyond underwriting We field a team of claims specialists with many years of hands-on expertise of all types of claims, across all product lines. Claims handling is the 'acid test' of our services, and our clients and brokers should expect nothing less than a first class response from AGCS. Our aim is always to deliver a prompt and consistently fair approach to all our clients and brokers. We have an established reputation for claims handling on a worldwide basis for clients with international exposures, with a global network of contacts and local support. Claims service is a core topic in our broker account meetings and we respond quickly to broker feedback. With Allianz Global Corporate & Specialty, claims handling is always a key focus of our service - never an after-thought. 8
Table of contents 1 Allianz SE Introduction 2 Allianz Global Corporate & Specialty AG (AGCS) 3 Financial Lines 9
Expanding Financial Lines business in Russia Build on leading position in Financial Lines Launch wide range of Financial Lines products (D&O, POSI, PI etc) Build on strong position with Global Brokers Strong local team supported via AGCS expertise 10
What is Financial Lines? Financial Lines is a general term summarizing various specialty insurance products covering pure financial losses (as opposed to bodily injuries or property damages) including: - Directors and Officers Liability (D&O) - Employment Practices Liability (EPLI) wrongful employment practices - Pension Trust Liability (PTL) breach of fiduciary duties - Prospectus Liability: POSI (Public Offering of Securities Insurance) misrepresentation and misleading statements in a prospectus (Public Offering) - Professional Indemnity / Errors and Omissions (PI / E&O) breach of professional duties 11
Allianz Financial Lines Financial Lines Product Overview & Appetite Commercial Lines Financial Institutions Commercial Prof. Indemnity Directors and Officers Liability (D&O) Pension Trust Liability (PTL) Employment Practices Liability (EPLI) Prospectus Liability (POSI) Directors and Officers Liability (D&O) Pension Trust Liability (PTL) Financial Institutions Professional Indemnity (FIPI) Prospectus Liability (POSI) Investment Managers Insurance (IMI) Crime Insurance Three pillars: - Construction (architects, design & construct, engineers) - Traditional (accountants, solicitors, insurance brokers, surveyors) - Emerging (management consultants, media, technology, other miscellaneous) 12
Allianz value proposition in FL in CEEMA AGCS - market leading capacity - global FL strategy and portfolio steering - expert UW knowledge - claims handling expertise - Product Development - strong rating Local OEs - deep understanding of local market peculiarities and needs - understanding of local legal aspects - policy wordings in line with local jurisdiction - UW information in local langue - local claims services Client/ Broker AZ CEEMA - strategic development and coordination solution: Global approach and capacity adapted to local market peculiarities & needs in CEEMA - business development and steering across LoBs in CEEMA 13
Allianz Financial Lines strengths - Market leading capacity - Strong capital base and ratings (AGCS reinsured) - Global portfolio steering - World wide expertise of FL team - Underwriting teams locally - Wide range of FL products adapted to local Laws and needs - Strong Claims handling capabilities - Ability to provide IIP solution: Global approach and capacity adapted to local market peculiarities & needs 14
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