Green Steel Build Back Better Endorsement

At Allianz Commercial, we are committed to designing innovative, responsible insurance solutions that empower our construction clients to meet immediate sustainability goals while aligning with their long-term net-zero commitments for 2050.

Through transparent collaboration with clients and broker partners, we create forward-looking insurance tools that respond to sector-specific challenges and help accelerate the transition to a lower-carbon future. 

This endorsement, focused on adoption of Green Steel, provides:

• That Green Steel is chosen where possible. Clients may opt to use certified Green Steel instead of BF-BOF (Blast Furnace-Basic Oxygen Furnace) steel
• A Build Back Better incentive— the repair or replacement must offer a genuine, verifiable reduction of at least 25% in the carbon footprint of the project, granted that its use does not increase emissions elsewhere in the project
• This endorsement is offered at no extra cost where AGCS is the lead insurer but is incorporated into main premium pricing. Claims will influence future renewal pricing*