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ALLIANZ ENHANCES DIRECTORS AND OFFICERS PROPOSITION

Press Release   •   Feb 28, 2017 09:38 GMT

Catherine Dixon, director of underwriting and technical

Allianz has refreshed its Directors and Officers proposition to offer broader coverage for businesses.

New and enhanced cover includes:

  • Kidnap and Ransom
  • An Employment Practice Helpline
  • Protection for IT Security / Data Protection Officers in the event of a Directors and Officers claim arising from a cyber event
  • Increased cover limits include Court Attendance Costs, Reputational Crisis Cost, Company Entity Liability

Catherine Dixon, director of underwriting and technical, Allianz Insurance, commented:

“Our refreshed proposition offers brokers further flexibility and increased cover limits. We’ve designed the enhancements to reflect the changing need of UK businesses where directors and officers are being held more accountable for not only their actions, but also the actions of their employees. We believe the new features will be really beneficial to end customers, giving them the peace of mind to make tough business decisions without fear of repercussions.”

There are two products available, tailored to suit the different needs of customers. Complete Directors and Officers offers flexible e-trading via QuoteSME and provides the option to add further management liability covers. Directors and Officers Select is designed for medium to large businesses, with cover provided either as a standalone product or as an optional section within Allianz’s Commercial Select proposition.

Further information is available at www.allianzebroker.co.uk.

ENDS

Notes to editors:

For intermediary use only.

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.

Around 85 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.

In 2015, over 142,000 employees in more than 70 countries achieved total revenues of approximately 125.2bn euros.

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