Marine Hull & Machinery Insurance

Involved in the marine and shipping industry since the 19th century, we are one of the most experienced marine insurers in the world, offering market-leading capacity and ratings to cover a variety of risk

Allianz Global Corporate & Specialty (AGCS) provides ship-owners/ship managers with Hull &Machinery (and associated coverage IV, LoH, WAR) insurance for all types of blue- and brown-water ships including mega yachts.

 In addition, we provide shipbuilders with coverage for the various perils faced during the construction or conversion of vessels.

Our risk consultants, marine engineers and master mariners provide technical expertise and risk control solutions to reduce risk. Chief among these is our hull and machinery insurance to cover physical damage to equipment and vessels. We also offer risk consulting surveys, helping our clients to understand their risk exposures.

We can offer tailor-made insurance policies to all types of vessels and marine equipment, including but not limited to:

 

  • oil and gas tankers
  • container vessels
  • bulk carriers
  • passenger vessels
  • tugs and bargers

 

  • offshore support vessels
  • fishing vessels
  • mega yachts
  • towboats

With a worldwide claims network, we can respond whenever and wherever loss occurs.

What's more, our market-leading capacity allows us to manage marine risks of all types and sizes.

 

  • hull & machinery
  • hull interest and freight interest
  • loss of hire
  • war risks
  • builder's risk
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.
Shipping is the lifeblood of the global economy, transporting approximately 90% of global trade. AGCS analyzes the key developments and losses in maritime safety on an annual basis.
Our Risk Consultants share their expertise in a series of risk bulletins advising on how to safely load and secure project cargo, how to store biomass products prior to shipping as well as many more topics.
From ship to shore: What makes Marine Insurance at AGCS special? What are our values? Why choose AGCS? Watch the video from our North America Marine team.
Captain Andrew Kinsey, Senior Marine Risk Consultant, joins the AGCS podcast to discuss the findings of the latest Safety & Shipping Review, including: cyber risks, automation and the normalization of risk at sea.

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 risks in the Marine & Shipping sector in 2019

  1. Natural catastrophes (34%) - 2018 rank: 1 (34%)
  2. Cyber incidents (32%) - 2018 rank: 2 (31%)
  3. Market developments (28%)  
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.