- AGCS starts offering new value-added services around risk consulting, captive fronting and crisis management solutions
- AGCS Board Member Hartmut Mai at FERMA Forum 2019 in Berlin: “We now can support and protect businesses across all stages of risk”
- Initial launch of “AGCS Services“ in AGCS regions Central & Eastern Europe and Mediterranean
Initially these services will be available in the two pilot regions Central & Eastern Europe and Mediterranean with immediate effect
- Risk consulting services will include predictive risk analytics and monitoring, risk visualization or risk mitigation and prevention. Examples are remote risk assessment leveraged by a digital platform, bespoke natural catastrophe analysis, cyber security and resilience reviews, in-door 3-D mapping of facilities creating virtual factories, technical loss analysis or damage prevention through the Allianz Center for Technology, drone surveys and inspections for construction or loss sites. Other services include ESG risk consulting, helping companies to better manage environmental, social and governance risks of their own operations or within their supply chains.
- Captive fronting: Managers of corporate self-insurance programs face a number of challenges in today's market, from Solvency II regulations to ensuring that their financing and reinsurance can absorb an array of risks. With dedicated fronting services AGCS’s Alternative Risk Transfer experts can reduce complexity, enhance control and compliance for captive insurance programs and improve cash flows and transactions
- Crisis management solutions enable companies to respond effectively and quickly to any claims or crisis scenario thereby mitigating financial losses and reputational damage. AGCS crisis management solutions include geographical risk alerts for a broad range of events that can critically affect business operations – such as transportation or infrastructure incidents, natural catastrophes or terrorism attacks.
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About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 12 dedicated lines of business.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.
Worldwide, AGCS operates with its own teams in 33 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2018, AGCS generated a total of €8.2 billion gross premium globally.