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Allianz Commercial presentation to Specsavers
Introduction
We are delighted to have the opportunity to present our proposition to you today for the Property and Motor lines. We shall be highlighting our service proposition which includes underwriting, multinational, claims and risk consulting capabilities. We are keen to not only convey how we can support you in the short, medium and long term but also how we can help you transition to a new insurer seamlessly working in conjunction with you and Willis.
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
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)
*Includes ratings for securities issued by Allianz Finance II B.V. and Allianz Finance Corporation.
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
Why Allianz Commercial
At Allianz we recognize and understand the unique challenges you and your business face. And as a leading global corporate insurance carrier, we have the network and expertise to help. Find out why we’re best placed to help with insurance solutions.
Underwriting
Claims
Multinational
Allianz Risk Consulting
Allianz Risk Transfer
Digitalisation
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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.
Property
- Trusted lead market
- Responded to the three quote options
- Flexible underwriting approach
- Market leading capacity
- 3 year long term agreement offering
- Risk management bursary
- Collateral - captive reinsurance security clause
Motor
- Previous insurers on the motor programme
- Simplistic but flexible underwriting approach
- Seamless transition. Not looking to disrupt
- Trusted motor market with an extensive claims network
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
- Close relationship with Crawfords and can work with what DA threshold is requested
Capabilities
As an international lead insurer, our 600+ Claims handlers and Global Practice Groups offering specific industry & Claims expertise are there to drive preferable outcomes for our customers.
- 30 countries and network partnerships in other locations allow us to service clients in more than 200 countries and territories
- 6 regional teams ensure proximity and local expertise
- 16 Global Practice Groups offering specific industry and Claims knowledge
- Protecting the interests of our policyholders by detecting and eliminating fraudulent claims consistently investing in the technical competency of our people
- Experts in captive management
Attitude
Our Claims philosophy is solution-oriented: we value an honest dialogue.
We work tirelessly to provide clarity and eliminate ambiguity, prioritizing a ‘no surprises’ culture.
- We pride ourselves on our fast, fair and flexible claims service, delivered by experts at the forefront of market developments.
- We resolve claims quickly and transparently, with our customers’ best interests at heart.
Value-adding Services for Key Clients
We discuss and implement client-specific Claims Protocols and dedicate experienced Claims experts to ensure we meet your business needs.
- Access to our in-house experts as well as our external supplier relationships who can provide market insight and thought leadership.
- Head of Claims Service will be readily available to discuss the finer details around our claims service. She will work with you to understand your service requirements and implement any tailored claims solutions.
- Regular engagement to discuss ongoing claims and access to training and support from suppliers to help with risk management.
- Digital solutions – my allianz commercial portal (property), claims hub and live chat (motor)
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 Risk Consulting
Key Location Risk Summary
- Experienced engineers… from a wide range of technical and scientific disciplines.
- Client benchmarking… based on key loss insights and trends cultivated from rich data.
- A global network… of 250+ experts spread across 24 locations worldwide.
- Niche, specialist, expert contractors…capable of providing world-leading services and support.
- Access to market-leading insurance solutions…which make us the insurer of choice for many Global 500 companies.
- Dedicated local point of contacts… who work with you throughout your policy lifecycle.
- Competitive pricing and conditions… with comprehensive, accurate, data-driven insights.
Allianz Property Risk Consulting Summary Comments
- Very good risk framework and culture already embedded
- Strong business focus especially on Business Continuity
- Retain existing /similar Risk Survey Programme
- Consider tailored ‘’Risk Management Charter for Retail Operations’’
- Consider Digital Client Risk Solutions:
* CAReS Climate Adaption & Resilience Services
* SMART Self-Managed Reporting & Assessment Tool
Specialist Risk Resources and Services
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, a clear plan to diversify businesses away from coal hydrocarbons until 2050.
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
