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Risk Consulting

Engineering Risk Consulting

Worldwide engineering risk consulting services

Engineering is a core business for Allianz Global Corporate & Specialty. This is why we have invested in developing an expert team of risk consultants and engineers, focusing on providing specialist support to clients in all areas of the global engineering sector.

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Allianz provided engineering risk consulting for the Incheon Bridge, South Korea (Photo courtesy of AMEC/Incheon Bridge Company)

With over 50 consultants located across the Allianz network, our engineers service clients on a worldwide basis, and offer a wide level of specialist expertise in the following areas:
  • Oil and gas
  • Power plants
  • Renewable energy
  • Heavy industry
  • Electrical engineering
  • Buildings & construction
  • Heavy civils (large infrastructure projects)

Hands-on engineering risk consulting experience

Across these risk groups, our risk consultants bring many years’ of hands-on engineering experience, often founded on operational experience within their specialist sector. We offer a flexible and tailor-made approach to our client services, based on open dialogue with the clients to ensure a comprehensive insight into the risks. Core services cover both worldwide loss control inspection programs and bespoke consultancy services such as:

  • Identifying and preventing machinery breakdown
  • Conducting business interruption risk analyses
  • Engineering assessments and inspections
  • Construction project evaluations
  • Support for settling claims and post loss investigations
  • Health and safety inspections and consultancy services

Typically such services include a detailed evaluation of the inherent hazards, management systems and business continuity exposures for the relevant risks, with (where appropriate) a review of work methods, quality and safety management systems as well as ongoing monitoring of project progress.

We are also able to report on risk improvement proposals based on our findings, backed up by an ongoing review aimed at monitoring progress towards completion of the project, and general advice on equipment and construction technologies and associated protection systems when needed.

Notable projects include the construction of the Incheon Bridge in South Korea, the Burj Khalifa in Dubai, the Viaduct de Millau in Southern France, the world's largest gas turbine in Irsching, Germany and the San Antonio Dam project on the Rio Madeira, a major hydroelectric project in Brazil.