Allianz Global Corporate & Specialty (AGCS) has established a new business initiative to provide value-added services to its corporate clients.
The offering includes risk consulting, captive fronting, and crisis management solutions. AGCS is initially launching the new services offering in the Central and Eastern Europe (CEE) and the Mediterranean region.
The risk consulting services will include predictive risk analytics and monitoring, risk visualisation or risk mitigation and prevention while the captive fronting will reduce complexity, enhance control and compliance for captive insurance programs and improve cash flows and transactions.
The crisis management solution will enable companies to respond quickly to any claims or crisis scenario thereby mitigating financial losses and reputational damage.
AGCS offers traditional property and casualty insurance products for businesses across a range of lines of business as well as alternative risk transfer and capital market solutions.
The launch of the new services offering was made at this year’s Federation of European Risk Management Associations conference in Berlin.
Hartmut Mai, AGCS board member and responsible for AGCS’s regionals units CEE, Mediterranean and Africa, said: “Corporate risk managers need much more than traditional risk transfer in today’s complex and fast-changing environment. By introducing a suite of value-added services we enhance our offering and allow our clients a broader choice as they can now opt for specific service solutions.”
Mai added: “We can support and protect businesses across all stages of risks helping them predicting, monitoring and mitigating risk to covering financial losses and enabling an effective crisis response when disaster strikes.”
