- As a global and reliable partner, our Financial Lines solutions provide customers with the confidence and security they need to make informed decisions, in an ever evolving and sometimes volatile economic environment.
- Corporate boards and executives have to manage their organizations through unprecedented times. With ourextensive international network and technical underwriting expertise, atAllianz Global Corporate & Specialty (AGCS) we make it our priority to accompany our customers on their path to growth by providing them with the peace of mind they need to do business. Our globalFinancial Lines team has proven that, even during a global pandemic, it remains efficient and uniquely positioned to tackle tomorrow’s challenges, with the guarantees of today’s knowledge.
We are here to partner with you
- Several types of risks shape our landscape today. Directors and Officers (D&Os) are facing a growing burden of compliance managing technology- and cyber-related risks. They can also be held responsible for how Environmental, Social and Governance (ESG) issues and climate change are addressed at a corporate level. The actions and culture of organizations are coming under heightened scrutiny from a wide range of stakeholders in areas such as sustainability, employment practices, diversity and inclusion, and executive pay.
- Legal risks are another primary concern. Companies increasingly face liabilities and litigations, often driven by 'adverse news events'. These tend mostly to arise from technical product-related issues, man-made disasters, environmental pollution, or even corruption. This is why at AGCS, we have made it our priority to help assess and predict potential risks for our customers and provide solutions for this evolving risk landscape for companies and their leaders.
- While coverage and capacity for Financial Lines solutions are currently restrained in some markets globally, AGCS is eager to explore growth opportunities in our target segments, in particularD&O insurance. InCyber, we are also pursuing selective growth appetite across virtually all industries, but with a clear focus on per-account risk quality and high IT security maturity.
Directors and officers (D&O) insurance insights 2022
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Customized solutions for our clients
- When underwriting our customers’ risks, we keep in mind that every business and every company has different sets of needs and types of hazards it faces. At AGCS, we provide tailor-made solutions to meet our customer’s specific needs, across the full suite of Financial Lines coverages.
- Our customers’ needs and risks are front and center of what we do. If traditional risk transfer solutions are unavailable or corporate risks are managed through captive programs, we can leverage our expertise in alternative risk transfer, creating structured insurance and captive reinsurance solutions.
Backed by financial strength
- Even in this shifting landscape for companies and their leaders, AGCS remains well-positioned. Financial Lines represents a strategic opportunity for AGCS as it brings us close to the heart of our customers’ businesses. We are committed to remaining a strong and leading player in this segment, including
- Professional Indemnity in addition to D&O and Cyber. Our global team’s breadth and depth of knowledge and experience means we are at the forefront when it comes to supporting our customers’ and brokers’ needs in these vital areas of risk.
- From an industry perspective, we have specialized individual points of contact, such as Global Industry Solutions Directors, as well as underwriters for different sectors. These range from financial services (banks, asset managers, and private equity), to high-tech industries, telecoms, software, and IT services.
- Undertaking in-depth liability assessments and disciplined underwriting, we also provide market-leading capacity to cover the most significant vulnerabilities, underpinned by the most robustS&P rating of any global property and casualty insurer. Furthermore, our cover limits range from $1 million to market-leading capacities for larger-scale corporations supported by our enhanced international program solutions available via our Allianz Multinational network.
Profound technical expertise
- Our industry-recognized claims leaders expertly manage claims for all facets of Financial Lines insurance. We provide fast and efficient claims management with over 60claims specialists’ worldwide, involving expert lawyers with extensive experience in securities class action cases or compliance matters. Meanwhile, 17 Claims Global Practice Groups ensure the settlement of large complex claims, such as Cyber, D&O, or class actions, with the support of top experts from our global organization.
- From our perspective, the better we are at truly understanding complex risks and a single client’s risk profile, the better we can serve our customers. We are ready to help our customers manage and mitigate their most acute exposures, addressing the liabilities of companies, managers, and professionals in today’s increasingly litigious and demanding business world.
Financial Lines Insurance insights
Podcast
Financial Services risk trends
What are latest risk trends in the Financial Services industry?
The talk will address the Environmental, Social & Governance (ESG) factor, cryptocurrencies, ransomware and the changing market and features our experts Paul Schiavone, Global Industry Solutions Director for Financial Services, and Peter Lefkin, Senior VP of Government and External Affairs.
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