Our internationally experienced team provides reinsurance solutions to clients in some of the largest insurance markets. Through our client managers, our customers get access to a large range of special expertise in underwriting and risk management. Also, Allianz Re provides access to some dedicated specialist teams as well:
Employing a range of professional backgrounds like attorneys, economists, engineers, insurance experts and financial analysts, the team is specialized in major business lines, such as Casualty, Property, Engineering and Marine. Always focused on the most sustainable solutions, we service our customers through a comprehensive range of product lines embedded in an international service network.
In alignment with the Allianz Reinsurance mission “understanding risk– creating value”, the Underwriting Expert Services team acts as consultant in exposure related matters and provides technical assistance via research and analysis, innovative product development, risk-assessing techniques and topic-related training for underwriters.
Based on daily contact with the insurance operations of Allianz Group, the Underwriting experts of Allianz Re drive global know-how exchange and underwriting quality management. It is a focus of the Underwriting Expert Services to regularly translate market developments and operational experience into up-to-date Underwriting Rules & Principles. At the same time, the team offers clients technical advice.
Further, the team acts as hands-on consultant for overall reinsurance matters through monitoring emerging risks and evaluating future market opportunities.
In its comprehensive responsibility, the team always sets best-practice and facilitates synergies for the Allianz Group through innovation and collaboration.
The team was created in 2007 to develop innovative solutions for capital management and insurance risk transfer on behalf of Allianz SE and Group subsidiaries with a focus on capital markets oriented structures. A series of cat bonds have already been developed and launched successfully by this team.
Why cat bonds?
Transactions conducted by Advanced Risk Intermediation
Our Munich-based Credit and Bond Reinsurance team writes business for Allianz Group as well as open market clients worldwide. Our underwriters have many years of experience in this segment, in particular writing treaty business. Facultative business is offered selectively and strictly in combination with treaty business.
Credit and Bond are two lines of business, which have to be seen different.
Credit insurance protects the insured against the non-payment of goods and services delivered mostly on a short-term basis.
Credit insurance can decouple itself from economic cycles by risk control and adjustment of policy conditions.
Bond business is a financial product, securing that a contract is fulfilled. This is mostly used for public contracts. Public authorities are required by law to ask for such a security, which has to be given by an accepted guarantor. This can be an insurance company or a bank.