Allianz Global Corporate & Specialty

Global Financial LinesTailored corporate insurance solutions for clients around the world.

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Safeguarding managers and your company’s bottom lineToday’s managers and professionals work in an increasingly complex and highly scrutinized business environment, where an act of human error can cause irreparable damages affecting financials, reputation, third parties and personal liability. In this turbulent setting, exposed also to litigious and criminal activity, Allianz Global Corporate & Specialty provides your company with support in times of need, and decision-makers with the peace of mind to run their business.

Managers and companies these days are exposed to a variety of risks, which only increase in number and complexity during a business’s life-cycle. Since the financial crisis the scope of management liability has changed drastically on all levels concerning cross-border collaboration, stringent and constantly changing compliance regulations, and a volatile financial environment. The rising challenge today is keeping up with changing regulations (on a local and global scale) and considering even the unseen risks, which can be responsible for drastic losses. Business leaders must address concerns now that will grow in importance over time, such as reputation, public offerings statements, financial decision-making and pension trusts.

When faced with these challenges, an experienced and reliable partner is key to supporting your business with a wealth of risk-management solutions, before and during the event of an incident. Allianz Global Corporate & Specialty builds this partnership with its clients, offering them market-leading capacity, outstanding financial strength and Financial Lines expertise across the globe.

Consistency in changing environments

Allianz has been offering its clients corporate insurance solutions since its foundation in 1890. Today, this tradition and its Financial Lines services are continued through the distinguished work of Allianz Global Corporate & Specialty. We value continuity and strive to develop long-term partnerships with our clients and brokers, which begins with our expertise in underwriting and follows through to our excellent claims-handling services.

Market-leading capacity and financial strength Allianz Global Corporate & Specialty has established its reputation as a professional leader of Financial Lines risks and services. In addition to its specialized D&O offering, its entire suite of Financial Lines products offers the significant capacity needed to write even the largest and most complex risks in the market.

In this volatile financial environment, Allianz Global Corporate & Specialty offers stability, in the form of its consistently high financial strength ratings. Despite challenging market conditions, these ratings have been repeatedly reconfirmed as proof of our stable financial position. Backed up by the security of Allianz Group, we are a strong, resilient partner our clients can rely on to cover the most intricate exposures

Within our Financial Lines team, we continuously innovate and enhance our products to address new market opportunities and ever-changing market conditions and regulations. We dedicate our Product Development division to listening to our clients and developing our solutions based on their needs.

Tailor-made solutions for clients around the world Every company deals with a unique set of business needs, and so do our policies. We work closely with our clients and brokers to develop personalized solutions to address their Financial Lines needs at every stage of the business cycle.

Our Financial Lines solutions are divided amongst four distinct industry groups, while providing technical know-how to all industrial sectors. This approach ensures that you have the right experts and products, tuned in to your specific market. We gear our products toward providing the appropriate corporate insurance solutions for businesses exposures relating to:

• Management Liability – Commercial • Management Liability and Professional Indemnity –

Financial Institutions• Professional Indemnity (PI) - Commercial• Fidelity

Through our profound underwriting knowledge and close dialogue with clients, our strength lies in providing specialized solutions for non-standard risks in these areas

In addition to our financial lines offerings, Allianz Global Corporate & Specialty provides an entire range of corporate and specialty insurance solutions, from aviation to property.

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Management Liability - Commercial In today’s highly litigious business world, management professionals are exposed to greater risks than ever, which hang from the decisions they may make in their daily roles.

Our commercial suite of management liability products is designed to protect your management team and board of directors from potential cases of litigation in all commercial lines. We work closely with our clients, from publicly traded companies of all sizes to private organizations, to make sure your professionals – and financials – are protected.

The following products are offered to protect your managers, employees, and your company:

• Directors and Officers Liability (D&O)• Pension Trust Liability (PTL)• Employment Practices Liability (EPLI)• Prospectus Liability (POSI) – Includes Initial Public

Offering (IPO)

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AGCS also provides a strong product offering of protection for management liability within financial institutions. As public scrutiny of the banking and finance industries heightens, more so than ever can the slightest of errors or omissions cost your institution drastically.

Our Management Liability Financial Institutions’ product line, insures your firm and managers against added costs due to these repercussions.

The following products are offered to protect your employees, and your financial institution:• Financial Institutions Directors and Officers Liability

(FI D&O)• Pension Trust Liability (PTL)• Financial Institutions Professional Indemnity (FIPI)• Prospectus Liability (POSI) – Includes Initial Public

Offering (IPO)• Investment Managers (IMI)• Financial Institutions Crime• Criminal Legal Expense Cost Insurance – Subject to

local regulations

Management Liability and Professional Indemnity - Financial Institutions

FI D&O Coverage features are tailored to the local legal regulatory environment according to the insured’s needs. Allianz covers directors worldwide and policies are available in several languages.

Professional Indemnity - Commercial

Professionals in every industry need the freedom to act and advise in the best interests of their clients and business without the fear of unintended consequences. Our Professional Indemnity (PI) insurance from Allianz Global Corporate & Specialty provides that freedom by protecting managers and professionals from losses arising out of a breach of their professional duties.

Our Commercial PI provides a robust and flexible solution for professionals in all lines of work:• Construction

(architects, design & construct, engineers)• Traditional

(accountants, solicitors, insurance brokers, surveyors)• Emerging

(management consultants, media, technology, misc.)

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Fidelity

As the landscape of global business evolves and grows more complex, so do the insurance needs of companies and their workforce. People are at the heart of every organization and are integral to its success, unfortunately people are not infallible and may make mistakes which can have dire consequences. In addition to unintentional errors there can be fraudulent activity by both employees and outsiders that can impact a company financially and damage it‘s reputation. What can companies do to protect themselves, their employees and their reputation against such errors or fraudulent and malicious activity?

AGCS has an answer with its full range of fidelity covers:

• Cyber Protect: a comprehensive digital business and data protection insurance

• Commercial Crime: an indemnity for theft of money, securities or property by employees

• Reputation Protect: a cover for the management of media crises, thereby mitigating or avoiding reputational damage

• Kidnap Ransom and Extortion: an insurance for the costs of securing the release of employees or their dependants

The strength of a global network

One of our core strengths within our financial lines capabilities is our ability to devise customized international insurance programs. Our local expertise is closely integrated within an established global network, allowing us to provide unique offerings for your business needs worldwide.

A worldwide network utilizing the combined resourcesof the Allianz Group and partners consisting of:

• Allianz owned offices in 70 countries• AGCS teams in 28 key countries• Total network covering over 160 countries between

AGCS, Allianz and partner offices• Global processes and quality standards defined with

tools in place to ensure service delivery• Customized client service charter, Key Performance

Indicators (KPIs) and agreed timelines aligned to client requirements

• Our network provides insurance for more than 50% of the Global Fortune 500 companies

Allianz officesAGCS officesNetwork partner offices

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Global reach through International Programs and our network

Our international insurance solutions offer clients doing business in multiple countries the best of both worlds – the consistency and efficiency of a centrally coordinated master policy combined with the ability to issue local policies to ensure compliance with regional legal, regulatory and language requirements.

Allianz Global Corporate & Specialty has an established reputation as a leading provider of global insurance solutions. In 2012, we issued more than 2,000 programs with over 12,500 local policies across various industries and lines of business.* Amidst the complexity of management and professional liability, we have the flexibility to design individual solutions depending on each client’s needs.

Our international programs provide you with integrated risk management with central steering, guaranteeing local delivery. These global solutions offer a number of key advantages, including:

• Economies of scale, operational efficiencies and centralized access to the global Allianz network

• Central coordination of information about global exposures

• Harmonized global cover across all locations• Addressing of local exposures and compliance with

local regulatory and fiscal rules via local policies• Centrally managed risk consulting and claims

monitoring/coordination with local risk control and claims handling when needed

Allianz Global Corporate & Specialty utilizes a structured global approach to effectively manage the process – from planning and program design to deployment, monitoring and adjustment.

The knowledge of experienced professionals is vital when it comes to figuring out your company’s or institution’s international coverage for its Financial Lines products. At AGCS we specialize in compliance with local supervisory and tax laws while developing your tailored local solution and adhering to our global standards.

Excellent claims service – recognized worldwide

At Allianz Global Corporate & Specialty, a claim is the defining moment for our service – and our opportunity to repay your trust. Our quality of service is based on long-term partnerships, which is why we focus on our client’s experience during this critical time.

Financial Lines Claims Experience

We strive to make the claims-handling process as transparent and solution-oriented as possible. That is why we discuss liability and coverage regularly ahead of time, to ensure that the right plan is always in place.

Our financial lines claims team operates with experienced professionals, communicates clearly and honestly with clients and offers a worldwide network of offices, loss adjusters, technical experts and legal providers. Regardless of value or severity, our standard is to deliver a fast response to any claim or notification, understanding that our clients have commercial interests, which need to be protected in many circumstances.

Global Claims Management

Our worldwide network enables us to deliver local services with global coordination. To ensure consistent quality and transparency for the client, no matter the location, AGCS has established proven systems and procedures, which have been put into practice time and time again. Customized, pre-agreed processes deliver flexibility within a robust framework – before and after a claim. So our clients can be confident that we will support them with swift action and prompt claims settlements when it matters.

AGCS offers an extensive product range combined with the flexibility to tailor our programs to your business needs. Due, in fact, to our strong International Insurance Program capabilities, AGCS belongs to one of the few “true” Lead Markets in D&O.

When it comes to individualized cover, AGCS underwriters are encouraged to think outside of the box. A particular specialist company came to us when they weren’t able to get coverage elsewhere. We were able to change the standard wording, which didn’t affect the insured, but helped to make the risk insurable.

* Date: November 2013

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Copyright © 2013 Allianz Global Corporate & Specialty SE. All rights reserved. The material contained in this publication is designed to provide general information only. Whilst 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 Allianz Global Corporate & Specialty SE cannot be held responsible for any mistakes or omissions. All descriptions of coverage are subject to the terms, conditions and exclusions of the individual policy.

Allianz Global Corporate & Specialty SE Fritz-Schaeffer-Strasse 9, 81737 Munich, GermanyCommercial Register: Munich, HRB 208312 81737 Munich, Germany

www.agcs.allianz.com