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Allianz strengthens commercial property owners proposition

Press release   •   Jan 23, 2018 11:02 GMT

director of underwriting, Commercial, Catherine Dixon

Allianz has strengthened its Property Owners Select proposition for commercial property owners with new covers, enhanced limits and access to additional services.

Property Owners Select complements Allianz’s suite of sector specific Mid-Corporate products and supports commercial property owners of larger premises or portfolios.

Allianz has made it even easier for brokers to place business as customers can now combine their property and casualty covers with new engineering sections including machinery damage cover. This protects items such as boilers, lifts, air conditioning units and escalators from breakdown, explosion or collapse.

Customers will also gain access to a wide range of additional sector specific services including risk management advice, Allianz Legal Services and preferred suppliers such as water damage protection specialist, Leaksafe Solutions.

In addition, our expert London Market Real Estate team continues to offer bespoke solutions on a wide range of property portfolios which is complemented by our dedicated Real Estate claims proposition.

Catherine Dixon, director of underwriting, Commercial, Allianz Insurance, commented:

“We’ve developed expertise in the Property Owners sector over the last 20 years and we’re excited to improve our offering to our customers to market leading levels. Our Property Owners customers are now able to purchase key specialist Engineering covers alongside traditional property owners insurance, making it easier for brokers to place this business with us.

"Designed to help property owners and investors manage their property portfolios after fire, equipment failures and more, we’re confident that the enhancements we’ve made to our proposition reflect the changing needs of our customers, giving our brokers the confidence that they’re promoting a strong and compelling proposition to their clients.”

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

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