Allianz Commercial
BAM 2025 Presentation
Introduction
Many thanks for the opportunity to meet with you and outline and present Allianz’s approach to your Liability programme. As you know we have a relationship with BAM out of our Netherlands operation and we are very keen to earn the right to extend this into the UK. I and the team are determined to work closely with you and Aon to deliver a service proposition that covers all of your key requirements and more.
UK Head of Key Account Management, Large Corporate & Specialty
About Allianz
Allianz Group at a glance
- With around 150,000 employees worldwide, the Allianz Group serves over 100 mn customers in more than 70 countries.
- On the insurance side, Allianz is the market leader in the German market and has a strong international presence.
- In fiscal year 2024, Allianz Group reported total revenues of approximately €179.8 billion
- Allianz is one of the world's largest asset managers, with third-party assets of €1.920tn under management at year end 2024.
Did you know?
Allianz is the Worldwide Insurance Partner of the Olympic & Paralympic Movements
We insure the Gotthard Base Tunnel – the world’s longest railway and deepest traffic tunnel running through the Swiss Alps.
We insure the Union of European Football Association (UEFA)
We insured the last three structures to hold the title of world’s tallest building: Petronas Towers, Taipei 101 and Burj Khalifa and insure Burj Al Arab
Allianz Results
*Includes ratings for securities issued by Allianz Finance II B.V. and Allianz Finance Corporation.
AGCS SE remains one of the highest rated global Property & Casualty insurers.
stable outlook
(affirmed 11 April 2025)
stable outlook (affirmed 26 September 2024)
stable outlook (affirmed 28 March 2025)
Allianz Commercial
Allianz Commercial: A winning combination – bringing our best for businesses under one roof
- One commercial lead per region to represent the business, simplifying your experience.
- Clarity in our approach and offering will drive efficiency, time to market and execution speed.
- Commercial experts focused on trading, underwriting, and customer delivery bundling expertise.
- Simplified access through coordinated distribution, client management teams and empowered underwriting.
- Consistent global underwriting appetite and approach with market-leading solutions across the full spectrum of traditional and alternative risks transfer solutions.
- Specialty and wholesale business delivered with one global approach via hubs for large and complex risks.
- Playing the full market from national mid-sized companies to the largest multinationals with a comprehensive and dynamic range of solutions.
Our Allianz country CEO's will play a leading role in shaping Allianz Commercial in each of our individual markets. They will be working closely together with one leader per country or region representing one market facing team for Allianz Commercial.
In the UK, your Allianz Commercial management team contacts are;
Commercial Managing Director for UK
Allianz Commercial working with BAM
Below are three key areas covering our proposed relationship and we are keen to outline our proposition on these to you.
Underwriting
Claims
Allianz Risk Consulting
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We excel in underwriting
Our profound technical insurance expertise and industry knowledge allow us to provide you with solutions tailored to your needs.
In underwriting your risks, we stay true to our principles. It ensures we take those vital core competencies which you rely upon further.
The better we are at truly understanding complex risks, the better we can serve you. From harnessing insights from data, developing new forward-looking pricing tools or creating a harmonised global product framework, to practice groups leveraging shared expertise on specific risks or sectors, the goal is to provide market-leading solutions to you.
Underwriting Overview
Liability
- An experienced Underwriting team with a extensive knowledge of construction liability exposures.
- Our team have worked with many large construction clients including yourselves and we understand the challenges and exposures related to them.
- The ability to provide bespoke coverage solutions for Clients such as BAM
- Supporting policy wording appraisal.
- A 3 year Long Term Agreement offering rate stability and a long term relationship mindset
- Bespoke risk management solutions on mitigation of third party exposures.
- Service and flexibility are at the core of our Underwriting approach to risk. We appreciate the need for prompt response times and urgent requests.
Claims
Understanding Your Needs
At Allianz Commercial, our Claims philosophy is solution-oriented.
We’re committed to finding preferred solutions with big picture thinking in respect of large and complex policies, building trusting relationships with you based on continuity of experience:
- We value an honest dialogue
- Transparency of communication
- Consistency, speed and ease of service delivery
Bespoke Claims Handling Arrangement
- Designated Claims Adjuster personally handling or having input on every claim.
- Claims Relationship Manager – Escalation and coordination across all lines of business.
- Claims stewardship meetings as regularly as required.
- Ad hoc meetings accommodated whenever requested.
- Working with BAM to agree loss adjuster and solicitor panel.
- Streamlined and transparent claims process.
- Tailored claims handling solution based on circumstances of the individual claim.
- Longstanding trust.
Other value services if required
- Rehab
- My Allianz Commercial portal
Allianz Multinational
Wherever you operate globally, Allianz Multinational is there to protect your business and secure your future. We’ve been supporting the business initiatives of our global clients since 1893, and are really proud of partnerships that we’ve built over the last 130 years.
Providing risk solutions, expertise and advice tailored specifically to your needs, we are there to help you and your teams navigate the complex risks that impact your business, wherever you are in the world.
Digital solutions providing transparency to support management of programs globally.
Allianz Network: 87% of the territories included in the Comcast Property & Liability program will be serviced by an Allianz office.
Unrivalled SLA’s: Whilst our standard KPI may be 30days, we are consistently achieving an average policy issuance of 22 days in 75% of cases, demonstrating our exceptional performance
Captive Funding: Allianz will fund 100% of payments to the Captive upon receipt of payment by any of our Allianz entities, further enhancing the advantages of our market leading owned network!
Dedicated Team: When partnering with Allianz, Comcast will benefit from having a dedicated Multinational Program Manager and an additional Multinational Program Coordinator for daily support, and designated Network Practice Leader and Team Manager as escalation points for addressing critical issues
My Allianz Commercial (MAC) Portal: Live access to your Multinational program data, policy documents, claims information including the ability to generate your own loss runs, and risk engineering information such as copies of surveys and risk recommendations
Network Management: Our Multinational Program Coordinators maintain direct communication with our entire network, eliminating the ‘middle man’ and preventing unnecessary delays
Network Partner onboarding: Not only Allianz partners can benefit from our in-house orchestration tool, as we are integrating all of our Network Partners, further enhancing efficiencies in policy issuance and data quality, directly contributing to the MAC portal
Monitoring Performance: Our Network Practice Leaders not only oversee and supervise the performance of our Network Partners but also hold responsibility for Allianz-owned offices.
Multinational overview
Allianz Risk Consulting
Our current global Risk Consulting Construction Liability team comprises five civil engineers. We bring extensive experience from across the construction industry. ARC Liability’s construction expertise stems from:
- years-long and hands-on construction industry experience
- technical & engineering expertise
- thorough understanding of inner workings of construction industry
- experts’ knowledge regarding construction liability risks
Technical Excellence, in every facet of the business, is one of the core capabilities of AGCS. Customers can expect support from AGCS regarding:
- understanding their own risk(s)
- a thorough evaluation of those risks
- the offering of appropriate insurance products
Pre-meeting, ARC prepares risk assessments, tailored to the customer such as:
- desktop reviews of the customer´s specific projects and/or its overall corporate business
- loss scenario analysis
- Vulnerability assessment of the works & risk mitigation improvements
ARC presents its findings by highlighting potential liability risks and exposures. These findings serve as a foundation for a technical discussion with the customer, during which ARC shares its expertise in virtual risk dialogue sessions. These sessions typically include discussions on the client's risk management strategies, lessons learned from past claims, and other relevant insights. The benefits of such interactions with the customer are:
- ARC can show and prove AGCS´ Technical Excellence while facing the customer/broker
- Rising awareness of customers/brokers regarding AGCS´ excellent technical capabilities in case of damages/claims
Risk consulting services in the following main areas:
- Construction / Public Liability - liability caused by constructional faults
- Environmental Liability - pollution caused by insured activities
- Product Liability - damage or body injury caused by the insured’s products or work performed
Following the risk dialogue, joint risk surveys can be scheduled on a BAM-operated construction site.
Alternative Risk Transfer
Integrated / Structured Solutions
Customized solutions provided on a multiyear, multi-line basis designed to complement or replace a client’s existing monoline program. Flexible integrated capacity can be utilized at different attachment points depending on client needs and locks in rates over the program term. Can range from being risk transfer to risk financing motivated, or a blend thereof.
We also provide direct Virtual Captive solutions that offer many benefits of a captive for clients that do not have one.
Fronting Solutions
Providing access to Allianz’s vast network of insurance carriers and partners, these solutions involve multi-year commitments and utilize proprietary techniques to minimize collateral requirements and reduce costs to clients.
Structured Captive Reinsurance
Providing flexible, structured reinsurance solutions to captives, again on a multiyear, multi-line basis to provide stability over time, while retaining the flexibility to deal with changing situations. These can be offered together with or independently of captive fronting programs.
Special and Difficult to Insure Risks
ART are able to provide insurance or captive reinsurance solutions for special or difficult to insure risks outside of the traditional Allianz Commercial lines and appetite as long as they can be underwritten, or risk financed.
Capabilities
- Global Fronting capability expands across 200+ countries and on a multi-line and multi-year basis, if needed.
- Capacity typically €25mn per occurrence per annum but can be higher depending on structure.
- Broad range of P&C lines of business or a combination thereof.
- Can include traditional and non-traditional elements, including parametric triggers.
- Transactions up to 5 years tenure, with ability to extend.
- Typical minimum premium (after profit commission) EUR250,000 p.a.
- Risk Financing structures work best where traditional ROL > [10%].
Allianz Multinational: Our digital offering
We have developed MyAllianz Commercial – a new Digital Customer Interaction platform
It aims to ensure an optimal customer experience by offering a new and enhanced self-service platform, which will enable us to interact and communicate faster and more easily with our customers and to be positioned in the future to deliver leading digital solutions to the market.
01 MultinationalPrograms
02 Multinational Claims
03 Risk Engineering
Crisis Management
- Emergency situations can challenge even the most prepared company. If the unexpected happens, you can look forward to supporting from our partner Crisis24, a leading global crisis management assistance company.
- Our partnership with Crisis24 allows our customers to rapidly react in emergency situations by deploying response consultants at short notice to advise the affected companies and evacuate people on a 24/7 basis, regardless of the location.
- As part of this service, you'll be able to access an online knowledge portal, filled with extensive safety, security, and travel-related advice and information.
Environmental, Social and Governance (ESG)
Our progress and commitments
We're committed to being transparent so that our customers and stakeholders can trust our company and our investors to be confident about how we manage their money. Full details of our commitments and performance are set in our 2022 Sustainability Report.
commitment to reach net-zero greenhouse gas emissions in our proprietary investments and P&C insurance business by 2050*
renewable electricity of own operations
sustainable investment (proprietary investments)
Proud partner and signatory to alliances and partnerships
We believe in the power of collaboration and view long-term partnerships as instrumental to delivering positive change. Allianz’s businesses are signatory and member to a wide range of global sustainability initiatives and principles such as the below.
*As the specific definition of Net-Zero is still evolving for financial institutions and we anticipate CSRD requirements, we are no longer referring to the 2030 target for our Own Operations as a Net-Zero commitment. We will instead refer to it as a 2030 intermediate target. The rest of the decarbonisation and removal targets for Own Operations remain as communicated in the Inaugural Net-Zero Transition Plan
Net-zero Plan
- For P&C commercial insurance, we have now announced tangible interim targets for 2030 to reduce the GHG emissions associated with our portfolio (which includes various part of the business, including Allianz Commercial, Allianz Trade, and others.)
- Allianz Group’s interim plan now aims to reduce the emissions intensity of this portfolio by 45% by 2030. Emissions intensity shows the number of client-generated emissions associated with every 1 million euros of premium and allows for dynamic measurement of emission reduction in line with a growing portfolio.
As announced in 2021, the gradual phase-out of coal-based business models by 2040 will be continued.
Supplemented by the adjusted underwriting approach for oil and gas companies introduced in April 2022.
Expansion of renewable energy and low-carbon technology insurance as part of the overall Allianz Commercial portfolio.
We are committed to profitably growing revenues in Property Damage (PD) and Business Interruption (BI) coverages related to these transition solutions by 150% by 2030 compared with 2022.
Thank you for considering Allianz Commercial
