Allianz has had a presence in Hong Kong that dates back to 1983. During that time, we have built a business which is dedicated to serving the needs of our customers through an extensive and increasing range of industrial insurance products and services, which are supported by a dedicated team of insurance professionals.
We work closely with selected agents and brokers, and through our local underwriting, claims and support teams, have developed a business model that incorporates a set of business principles designed to have the customer in the forefront.
Being a part of the Allianz Group provides us with access to a vast array of resources and information. The renowned financial strength of our parent organization (AA rated by S&P) provides a significant degree of financial security that underlines our ability and our promise to pay if and when a claim occurs, and also provides a global network to handle the needs of our global business partners.
Allianz Global Corporate & Specialty Hong Kong
On 1 August 2009, AGCS Asia Pacific opened its third unit in Hong Kong and is the first direct underwriting team for AGCS Asia under the regulatory framework of Allianz Hong Kong. The office in Hong Kong plays a key part in establishing an AGCS presence in Asia, and will be a stepping stone to the future potential of this market in the longer run. On 1 August 2010, AGCS also took over management control of Allianz Hong Kong.
AGCS has established a truly diversified business portfolio, both by segment and by geography. In Hong Kong, we will continue to roll out this global business model, combining the strength of Allianz Hong Kong and AGCS to accelerate the development of corporate and specialty business in the Asian market.
The AGCS Hong Kong organisation is able to benefit from the joint resources of global underwriting and process expertise and local market knowledge and relationships. As such, our clients will be given direct access to AGCS’s worldwide network and full range of services.