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Global Programs

The effective management of global risks is our core business. This is why Allianz Global Corporate & Specialty has been structured and resourced specifically to meet the needs of international companies, whether they are operating in Austria or in Zambia, or indeed in more than 170 other countries worldwide.

We have established a reputation as a leading provider of international insurance solutions for corporate clients with international multi-location exposures.

Our experience speaks for itself: We currently manage over 2,500 global insurance programs for our clients, coordinating in excess of  18,000 local policies, covering a wide range of risks – including property, liability, energy, engineering, D&O or even marine cargo.

Our worldwide systems and infrastructure are built to handle the increasingly complex challenges of international tax regimes, cross-border payments and local regulatory demands – delivering local compliance and global portfolio transparency for our clients.

Our network combines Allianz-owned insurance companies in more than 70 major countries with selected network partners in others, giving an unrivalled combination of ‘own office’ reach with cost-effective partners in others. The result is international insurance coverage in more than 170 countries.

Global insurance programs from A-Z

We can tailor global insurance programs to fit the needs of each client, whatever and wherever their business might be. Customization is essential, as is a flexible approach. No one solution can fit every challenge.

Typically, these global programs will combine a global ‘Master Policy’ with locally admitted policies placed in the individual risk locations. The Master Policy will provide Difference in Conditions or Difference in Limits (‘DIC/DIL’) coverage over and above the local policies, backing these up with the highest financial security ratings of any global property and casualty insurer.

Within Europe, for property, engineering and marine coverage, we can also take advantage of European ‘Freedom of Services’ legislation, if and when appropriate.

This approach ensures harmonized cover across a worldwide risk portfolio, coordinating a client’s global risk exposure on a central basis. With a global program, the client has one global insurer to partner with. This creates the best combination of local delivery with centralized global oversight and management, which ensures responsiveness and a ‘big picture’ perspective in the event of a claim.

Clients benefit from portfolio transparency and easy access to Allianz decision-makers, as well as from having the confidence of clearly defined service level agreements.

We combine this global view with an integrated risk consulting approach. More than 250 engineers across the globe can provide coordinated risk surveys and advisory services to match our clients’ local requirements, wherever advice is needed.