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Allianz Global Corporate & Specialty Sales Appetite May 2015 Allianz Group - The world‘s leading Property & Casualty insurer, with 147,000 employees serving 85 million customers in 70 different countries. Ask us about our coverage for Aviation, Energy, as well as for Corporate Property and Engineering. www.agcs.allianz.com/global-offices/russia International Insurance Programs At a Glance Russia International Insurance Solutions ('IIS') for multinational risks The effective management of global risks is our core business. This is why Allianz Global Corporate & Specialty has been structured and resourced specifically to meet the needs of international companies, whether they are operating in Austria or in Zambia, or indeed in more than 160 other countries worldwide. We have established a reputation as a leading provider of international insurance solutions for corporate clients with international multi-location exposures. Our experience speaks for itself: We currently manage almost 2,000 such global insurance programs for our clients, coordinating 15,000 local policies, covering a wide range of risks – including Property, Liability, Energy, D&O or even Marine Cargo. Our worldwide systems and infrastructure are built to handle the increasingly complex challenges of international tax regimes, cross-border payments and local regulatory demands – delivering local compliance and global portfolio transparency for our clients. Our network combines Allianz-owned insurance companies in more than 70 major countries with selected network partners in others, giving an unrivalled combination of ‘own office’ reach with cost-effective partners in others. The result is international insurance coverage in more than 160 countries. Global insurance programs from A-Z www.allianz.ru www.agcs.allianz.com We can tailor global insurance programs to fit the needs of each client, whatever and wherever their business might be. Customization is essential, as is a flexible approach. No one solution can fit every challenge. Typically, these global programs will combine a global ‘Master Policy’ with locally admitted policies placed in the individual risk locations. The Master Policy will provide Difference in Conditions or Difference in Limits (‘DIC/DIL’) coverage over and above the local policies, backing these up with the highest financial security ratings of any global property and casualty insurer. Within Europe, for Property, Engineering and Marine coverage, we can also take advantage of European ‘Freedom of Services’ legislation, if and when appropriate. This approach ensures harmonized cover across a worldwide risk portfolio, coordinating a client’s global risk exposure on a central basis. With a global program, the client has one global insurer to partner with. This creates the best combination of local delivery with centralized global oversight and management, which ensures responsiveness and a ‘big picture’ perspective in the event of a claim. Clients benefit from portfolio transparency and easy access to Allianz decision-makers, as well as from having the confidence of clearly defined service level agreements. We combine this global view with an integrated risk consulting approach. More than 250 engineers across the globe can provide coordinated risk surveys and advisory services to match our clients’ local requirements, wherever advice is needed. To learn more, please contact: Maxim Smirnov Head of International Programs, Russia Tel. +7 495 2323333 ext.5181 Mob. +7 903 7922683 [email protected] Program structure – process and practice Spanning many industries and countries worldwide, there is a wide variety to the individual requirements of our clients. Their varying exposures and local needs demand individually adjusted international insurance structures – which are always carefully designed on a case-by-case basis. No two programs are the same: not only do clients’ needs vary, but so does the structure of International Insurance Programs in respect of For instance, an Engineering program will require a different approach to a Marine Cargo solution. This is one of Allianz’s key strength because of our experience in the bespoke design of individual International Insurance Program s – as well as the breadth of our product range. In order to demonstrate how a typical International Insurance Program is structured, we outline below two examples of the more common International Insurance Program product types: Property and Liability. different product lines. • Local policies issued dependent on risk and maturity of market • Master cover provides global umbrella Master Policy provides Difference in Conditions (DIC) and Difference in Limits (DIL) cover, over and above locally admitted policies • Harmonised coverage across the program 1 Parent company (e.g. in Russia) • Combines best local practice with global requirements 2 Germany 3 UK 4 Canada 5 Australia 6 Mexico • Local regulations are complied with (taxes/levies) • Premium is allocated in relation to local risk and exposure • Similar to Property IIP concept but with additional specific Umbrella coverage for US risks • Assures compliance with special regulatory and market requirements in this region Master Policy provides Difference in Conditions (DIC) and Difference in Limits (DIL) cover, over and above locally admitted policies 1 Parent company (e.g. in Russia) 2 Spain 3 Poland 4 Hong Kong 5–7 US Primaries License by the Federal Service for Financial Markets C#029077 Copyright © 2015 OJSC IC Allianz. All rights reserved. The material contained in this publication is designed to provide general information only. Please be aware that information relating to policy coverage, terms and conditions is provided for guidance purposes only and is not exhaustive and does not form an offer of coverage. Terms and con-ditions of policies vary between insurers and jurisdictions. While every effort has been made to ensure that the information provided is accurate, this information is provided without any representation or warranty of any kind about its accuracy and OJSC IC Allianz cannot be held responsible for any mistakes or omissions.