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Services Provided in Germany

AGCS Germany offers clients the full range of corporate and specialty coverages, including property, liability, aviation, marine, financial lines, engineering, claims and risk consulting services:

Aviation 

In Germany an experienced team of 35 underwriters based at the Munich location handles the aviation risks, one of AGCS's specialty business fields. The range of products and services encompasses all liability, hull and personal accident insurance products in both private and commercial aviation operations. In addition to airports and airlines, Aviation Germany serves the entire aero industry and its suppliers as well as the space industry. For these risks it acts as intermediary for SpaceCo. The range of aviation products extends from licence-loss all the way to coverage for war and terrorism risks. Further info (global services)

Marine

AGCS is the leading marine insurer in the German market with annual premium income of just under 190 million euros. Its extensive product range comprises marine cargo, specie, land hull, blue water hull, brown water hull, water sports and builder's risk insurance. The product range is rounded off by an array of services, such as international insurance programs, captive administration, risk consultancy, geo-mapping and our own specialized subrogation unit. The 33-strong team of Marine underwriters has a high degree of expertise and is spread over the Hamburg, Munich, Frankfurt, Cologne and Duisburg locations. Further info (global services)

Financial Lines

The range of products and services offered by the Financial Lines Unit has grown continuously over the past few years. In addition to directors and officers liability insurance (D&O), the 13 financial lines experts in Munich and Frankfurt specialize in criminal defence costs insurance, directors’ and officers’ liability insurance for deductibles, pension trust liability insurance, public offering of securities liability insurance, financial institution professional indemnity insurance for banks, insurers, asset managers and financial services providers as well as in employment practices liability insurance. It goes without saying that financial lines also offers international insurance programs. Further info (global services)

Engineering

The Engineering team, 28 underwriters in Munich, Stuttgart, Frankfurt, Hamburg and Cologne, provides the corporate sector with bespoke engineering coverages. If necessary, these can also be drawn up as combined project policies or on a cross-border basis under international programs. Among the most important engineering products are machinery breakdown, EAR/CAR including contractor's plant and equipment insurance, electronic systems insurance (ESI Net), business interruption and inherent defects insurance. Further info (global services)

Liability

34 liability underwriters working out of Munich, Stuttgart, Cologne, Hamburg and Frankfurt look after the liability insurance needs of industrial clients. Liability offers a range of products and services for public and product liability (incl. extended products liability), IT and professional liability, product recall liability incl. auto recall and product tampering. In addition, it provides insurance products for environmental liability incl. regulatory liability, facility management and also for risks in the pharmaceutical sector, pharma liability and clinical trials liability insurance. In liability insurance AGCS is lead insurer in more than 100 international programs. Further info (global services)

Property

Over and above the traditional coverages of property insurance, such as the insurance of buildings and industrial plants, AGCS Deutschland's 35 property underwriters at the locations in Munich, Cologne and Frankfurt offer a wealth of expertise in other fields, such as FOS policies, cat modeling, international insurance programs and BI consulting. Here again the clients benefit from AGCS's international profile and its global pool of experts. Further info (global services)

Risk Consultants

At the Munich location and in home offices throughout Germany AGCS employs some 70 engineers and scientists to provide both clients and underwriters with expert technical support in all lines of business. They evaluate risks in situ as well as on the basis of written documentation, identify potential dangers and their chief factors (risk modeling) and make risk amelioration recommendations on the basis of loss estimates. This takes place in close cooperation with the client as part of the regular underwriting process and is also provided as part of loss control programs (managed by AZT Risk & Technology) irrespective of whether a policy is in place or not. In addition, the engineers work in depth with newly emerging risks (e.g. nanotechnology). Besides their pre-loss activities, the engineers also provide support in claims. This extends all the way to the analysis of technical materials as part of the analysis of the cause of loss.
Further info (global services)

Claims

Some 100 claims experts, claims handlers and legal experts provide a fully comprehensive service in Munich, Hamburg and Cologne encompassing everything to do with losses/claims. Thanks to AGCS's international network this team meets the requirements of clients with global operations and, apart from classical claims handling, provide the worldwide coordination of all necessary claims activities. The claims experts also pursue a client-focused approach - for example by developing tailored loss-adjustment agreements together with the client. Claims experience and analyses are fed into a structured lessons-learned process. The knowledge gleaned in this way is put to use by the risk consultants and underwriters and is therefore of direct benefit to the client. Further info (global services)