Engineering Insurance 

Worldwide solutions for engineering and construction
Allianz Global Corporate & Specialty's (AGCS) claims, underwriting and risk consulting teams specialize in providing Engineering Insurance solutions to clients around the globe. Backed up by our market-leading capacity, these solutions can be tailored to your needs to cover all types and levels of engineering risk. 

We provide engineering insurance for clients all over the world, giving them market-leading capacity, flexible coverage and the backing of our S&P AA and AM Best A ratings.

Our risk consulting, claims and underwriting teams have many years of practical experience of leading the largest engineering risks and construction projects across the globe, covering a wide range of engineering classes, including oil and gas, power and utilities, heavy industries, transportation systems and heavy civil engineering projects. 

  • builders risk and construction all risks (CAR incl. TPL)
  • erection all risks (EAR incl. TPL)
  • operational all risks – power & mining segment (OAR)
  • machinery breakdown (MB)
  • business interruption and delay in start-up/advance loss of profits (BI and DSU/ALoP)
  • latent/inherent defects (IDI)
  • civil engineering completed risks (CECR)
  • contractors’ plant and equipment/machinery (CPE/CPM)
  • electronic equipment (EEI)
  • project cargo
  • combined policies for renewable energy (incl. liability and marine elements)
  • risk consulting and engineering services
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
We have an expert team of risk consultants and engineers who are focused on providing unparalleled engineering risk management specialist support to clients in all areas of the global engineering sector.
Technical and human issues are responsible for the top five causes of Business Interruption (BI) loss in the engineering sector. Machinery breakdown generates the most number of BI claims.

Annual survey identifying business risks

Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve daily.

Top 3 global risks in the Engineering sector in 2019

  1. Natural catastrophes (40%) - 2018 rank: 1 (45%)
  2. Business interruption (33%) - 2018 rank: 2 (40%)
  3. Changes in legislation and regulation (26%)  
Allianz operates as an international insurer on almost every continent. Find Allianz in your own country/region.
With the Allianz network AGCS provides services in over 200 countries and territories.