Allianz serves large and mid-sized companies that need cross-border, multi-location coverage, including both risk transfer programs and captive solutions, led by Allianz's international corporate insurance carrier, Allianz Commercial.
Effective management of global risks is Allianz Commercial's core business: Allianz Multinational offers a fully end-to-end customized service for the cross-border exposures of its clients, covering also risk transfer and captive services.
At the forefront of the proposition are centrally coordinated global insurance programs that provide locally admitted policies tailored to the client's geographic footprint and specific risk and exposure requirements – all in full compliance with relevant insurance regulations and local laws.
Every program client benefits from a dedicated team of specialist underwriters, program handlers, claims experts and risk engineers. All are there to build the optimal program structure, to anticipate issues before they arise and to coordinate seamless service delivery.
As a leading provider of global insurance solutions for corporate clients across a diversity of trade sectors, we currently manage over 4,000 international insurance programs (IIP).
This makes Allianz Commercial the largest contributor to Allianz Multinational, the Group-wide center where Allianz is bundling its expertise for global insurance for international companies of all sizes, from the largest multinationals to mid-market companies globalizing their business.
Managing cross-border risks is a core business and growth segment of Allianz Group, operating one of the world's largest insurance networks in over 200 countries and territories, with its own local entities in more than 70 markets.
Within the Allianz Multinational framework, Allianz Commercial as well as local Allianz P&C companies are working closely together to deliver centrally managed programs for multinational companies. Collectively, they leverage a harmonized underwriting approach and product model, with a single consistently managed global network, as well as operational, legal and tax services.
We offer global insurance program solutions for global risk exposures – backed by our market leading network.
Our world-class global infrastructure is designed to meet the toughest local regulatory challenges, ensuring seamless operations no matter where your business takes you.
Our flexible approach recognizes that every challenge is unique.
We offer a range of program options, from stand-alone local policy provisions to globally coordinated solutions that integrate a centrally issued 'master policy' with locally admitted policies across all program countries.
As a key component of our Allianz Multinational offering, our Alternative Risk Transfer solutions provide a diverse array of options for risk transfer, financing, and retention.
These include parametric solutions, captives, capital solutions, retention financing, and structured re/insurance.
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Client's needs
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Tailored solution
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| Standalone local policies |
These may be suitable in circumstances where clients have adopted a lower level of financial integration or a less centralized regime of risk assessment and management:
1. Locally admitted policies issued by Allianz offices or our strategic service partners |
| DIC/DIL above local policies | Specialist Allianz teams managing a worldwide network spanning more than 200 locations |
| Single European policy (FOS) |
Through application of a Freedom of Service (FOS) license, we are able to offer insurance coverage within the European Union (EU) and the European Economic Area (EEA): 1. The ability to provide admitted cover for 27 EU and 3 EEA countries |
| Centrally controlled master program | This represents the highest level of tailored program solutions. Master and local covers are fully integrated and aligned – and specific regulatory and legal requirements are all considered as part of the central program design. |
Country analysis
Compliance analysis
Program design support
Immediate priorities
Program information collation: Liaising with all internal and external stakeholders to ensure all information collated to implement program:
Network notification
Focused program tracking
Multi-level issue resolution
Program evaluation
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The challenge
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Allianz's response
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| Delivering a consistent risk management response across a global risk portfolio | A centrally coordinated program framework combining the best underwriting, risk consulting and claims expertise |
| Worldwide harmonization of coverage | Master policy with DIC/DIL coverage above local policies |
| Central oversight with local coverage | Specialist Allianz teams managing a worldwide network spanning more than 200 locations |
| Local policies with competitive levels of coverage backed by a Master policy with DIC/DIL for seamless protection | Local policies always provided to a "good local market standard", thereby ensuring optimal regulatory compliance |
| Avoiding delays in localized claim settlement | Clear claims protocols and centrally coordinated and managed claims handling promoting consistency and speed of response |
| Obtaining up-to-date management information and data | Full transparency of program information, centrally collated and backed by service level agreements |
In today’s fast changing world, companies face risks that span borders and regulatory regimes, which is resulting in growing interest in multinational insurance, a fully end-to-end customized service for the cross-border exposures of organizations, including risk transfer and captive services.
What are some of the current and future trends in this space?
