Allianz Global Corporate & Specialty
Allianz has had a presence in Hong Kong that dates back to 1983. On 1 August 2010, Allianz Global Corporate & Specialty (AGCS) the Allianz (Germany) centre for corporate and specialist risk, took over management control of Allianz in Hong Kong.
The Hong Kong office of Allianz is one of more than 70 country offices worldwide which together with selected partners in other locations, gives AGCS the capacity to service clients in more than 160 countries worldwide.
With approximately 148,000 employees worldwide, the Allianz Group serves more than 83 million customers in over 70 countries.
Founded in 1890, today the Allianz Group is one of the leading global services providers in insurance, banking and asset management.
In 2013 the group achieved total revenues of €110.8 billion.
Allianz SE holds an "AA" rating from Standard & Poor's.
Allianz Employers‘ liability insurance covers the employer’s liability for workplace accidents / diseases of employees.
With the outbreak of the Cronavirus, Allianz has been one of the first insurers in Hong Kong to extend employees 'compensation to also cover staff working at home. Below is their new clause:
Work from Home Clause
It is hereby noted and agreed that this Policy is extended to indemnify the Insured against its liability in respect of any claim by the employee for Bodily Injury or death by Accident or Disease caused during the Period of Insurance within HK SAR and arising out of and in the course of his/her employment by the Insured directly and solely in the Business (defined in the Policy Schedule) and while the Employee is working from home and performing the duty of the Employee under the employment contract with the Insured.
Definition of “Home” under this extension means the Employee’s most updated residential address declared to the Insured in writing.
Provided always that:
The Employee will perform non-manual work duties only.
Notwithstanding anything contained herein to the contrary, it is agreed that the coverage provided under this extension will not be further extended by any other clauses incorporated in this Policy and the resultant coverage provided by this Policy will not be more than the basic cover of the policy.
Warranted that the working/office hours (e.g. 9:00 a.m. – 5:30 p.m.) of the Employee working from home is the same as if the Employee would have worked in the Insured’s business address, and are duly specified in writing under the employment contract between the Insured and her Employee, otherwise no cover will be granted by this extension.
Subject otherwise to the term, exclusion and condition of the Policy.
- Products liability insurance
Cover for property damages or bodily injury caused by the insured’s products or work performed.
Comprehensive General Liability Policy Wording
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Allianz Hong Kong focuses mainly on:
- Commercial Property and Business Interruption insurance
- Office, shop and warehouse insurance
- Property all risk
- Erection All Risks (EAR) insurance
- Business interruption, delay in start-up and advance loss of profits
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- Builders risk/construction all risks insurance
- Latent defects and IDI (Inherent Defect Insurance)
- Contractors’ plant and equipment
- Insurance for electronic equipment, software and software business interruption
- Machinery breakdown insurance
- Financial Lines
- Directors and Officers Insurance (D&O) including defense cost
- Reputation Protect
- International Insurance Solutions (IIS) for multi-national risks
- Pension trust liability (PTL)
- Employment practices liability (EPLI)
- Prospectus liability (POSI)
- Financial institutions professional indemnity (FIPI)
- Investment managers insurance (IMI)
- Public liability insurance
Cover for liability arising from the insured‘s operations or premises to third parties.
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- Environmental liability (‘Pollution’) insurance
Pollution claims caused by the insured’s activities.
- Product recall insurance
Covers costs of recalling products to the manufacturer in cases where a product is or may be hazardous or otherwise defective.
- Product tampering insurance
Covers recall expenses (such as costs for transportation, public advisory communications etc.) for contaminated food and beverage products products.
- Clinical trials insurance
Covers the legal liability of sponsors (Pharmaceutical companies) and investigators (doctors, hospitals, clinical research organizations) arising out of clinical trials.
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- IT liability insurance
Protects against emerging liability exposures on a pure financial loss basis: for example, infringement of privacy rights, inadvertent transmission of computer viruses, tampering and other ‘cyber threats’.
- Management liability insurance
Covered through Allianz financial lines services, including:
- Directors & Officers and
- Professional indemnity insurance.
- Aerospace and aviation liability
Covered through Allianz aviation service teams, embracing:
- aviation in general
- Marine liability insurance
Covered through Allianz aviation service teams, covering: Covering the marine and logistics industries
- Primary and
- Excess liability
Our experience with Allianz claims management, even with high volume claims, like Employees Compensation, gives us no hesitation to recommend Allianz.
Their focus on earning and maintaining customer loyalty through superior service, product advances and competitive cost containment has resulted in a 97% client retention rate. Their commitment to customer service is highlighted by a “Clear to Zero” claims handling initiative, whereby 95% of fully completed Claim Forms received are processed within 48 hours.
In Hong Kong Allianz provides both third party insurance for our legal laiblity to others and as well, comprehensive cover that insures our ' own risk' or damage to our own vehicle, whether this is a private car or commercial vehicle.
Given its German heritage, Allianz has historically had strong links with Mercedes and BMW for insurance being sold when vehicles were new.