We are delighted to have this opportunity to quote. Allianz is your partner insurer on the cyber and we are keen to continue and grow our relationship with you over the months and years ahead. Our expertise and focus in this sector allows us to fully understand the complexities of your business and the risks you face and we have more details in this pack.
We are expertly positioned to support your needs through our dedicated, multi-disciplined, global team of experienced risk consultants, engineers, claims and industry experts. We are committed to creating strategic, long-term partnerships to help manage the fast-evolving risks of today and tomorrow.
Becky Stewart
Key Account Manager
Allianz Results
Allianz Group 12M 2022
€152.7b
Total revenues increased 2.8% to €152.7 billion (12M 2021: €148.5 billion), largely driven by the Property-Casualty business segment.
€14.2b
Operating profit jumped 5.7% to €14.2 billion (12M 2021: €13.4 billion).
201%
Group Solvency II capitalization ratio was 201% at the end of the fourth quarter 2022, compared with 199% at the end of the third quarter 2022.
AGCS 12M 2022
€11.169b
Gross premium written (GPW) of AGCS grew year-on-year by €1.683 billion (18%) to €11.169 billion (2021: €9.486 billion).
94.9%
The combined ratio for 2022 is 2.5%-p better than prior year and stands at 94.9% (2021: 97.5%).
€655
The operating profit for 2022 of €655 million (2021: €366 million) is €289 million better than prior year.
Allianz Commercial Commentary
Allianz Ratings
Allianz Commercial company
Standard & Poor's
A. M. Best
Allianz Commercial SE
AA (December 2022)
A+ (June 2022)
Allianz Commercial North America
AA (December 2022)
A+ (June 2022)
Allianz Risk Transfer AG*
AA- (December 2022)
A+ (June 2022)
Allianz Fire & Marine Insurance (Japan) Ltd.
AA (December 2022)
(N/A)
Allianz Commercial Resseguros Brasil S.A. (global)
(N/A)
A+ (June 2022)
Allianz Commercial South Africa
BB+ global;
zaAAA local
(October 2022)
zaAAA local
(October 2022)
(N/A)
*Rating for ART AG and ART Bermuda
Our pledge to you
- Partnership: A trusted, financially strong, stable partner delivering value and expertise to you and your clients, long term.
- Excellence: A commitment to put our clients and brokers first through true customer centricity.
- Expertise: Deep expertise and insights to create the best client solutions, globally and locally, with 100% integrity.
- Results: Helping clients maximise value by unlocking the best of Allianz, from insurance to asset management.
- Industry focus: Global industry solutions with people who understand your business and bring you the best of the Allianz world.
- Innovation: Working together towards key, relevant goals, including ESG, Green Solutions and ART.
- Data and Analytics: Pinpoint partners, maximising data and relationships for the best possible client solutions.
- Quality and Compliance: Contract specialised policies and globally-compliant international insurance solutions.
- Level Playing Field: Working with our brokers in equal partnership, prioritising constant communication.
- Thought Leadership: Consistently evaluating existing and emerging risks, loss trends and sharing knowledge.
AGCS Claims at a glance
Insurance is truly a people business.
Our claims team is acting at the forefront of AGCS to ensure timely communication, transparency, outstanding service delivery and swift resolution.
17 Claims Global Practice Groups with the top experts from our global organisation ensure the settlement of large complex claims, e.g. for cyber, business interruption or class actions.
650+ experts
in worldwide locations focusing exclusively on industrial, corporate and specialty claims
10+ years
average claims adjusting experience of our handlers
165,000+
claims handled per year
€4bn+
average annual claims payments
Environmental, Social and Governance (ESG)
Background
- ESG Board composed of Allianz SE Board Members responsible for the Group ESG strategy
- ESG Center of Competence (CoC) in Allianz Global Corporate & Specialty established in January 2014, responsible for Allianz‘ P/C business globally
- ESG is embedded in the global governance framework via Standards & Policies and core insurance processes (Underwriting, Risk Management) supported by a dedicated ESG desk (as part of the ESG CoC) and Communication
1.5°C Aligned Investment Portfolio
Proprietary investment portfolio committed to net-zero emissions by 2050, in line with 1.5°C (UN AOA, SBTi)
Coal Exit for Insurance and Investments
Bringing coal exposure of insurance and investment lines of business to 0% by 2040 latest
Renewable Energy in our Operations
Commitment to source 100% renewable electricity by 2023, reduction of operational emissions along 1.5°C pathway.
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