Multinational financial services company Allianz has announced the launching of a series of new Risk Appetite Guides to help brokers in providing insurance solutions easily.
The guides were developed across several Alliance commercial products as well as workers’ compensation. Each guide provides an overview of the most common sectors Allianz covers as well as the risks being considered. Set to help brokers, the guides are designed to determine which types of risks Allianz prefers to insure and provide clarity around the referral guidelines.
“With Allianz, a large amount of business can be priced automatically. However, it can be helpful for brokers to know in advance where they may need to provide more information or if a risk falls outside our risk appetite,” said Andy Doran, general manager of underwriting at Allianz. “We plan to develop more Risk Appetite Guides for further types of insurance into the future to continue to support brokers and their clients.”
In a news release, the company said the new guides will be available for SME, motor fleet, farm, and workers’ compensation.
Allianz Australia offers a wide range of insurance products and services and provides support for workers compensation insurance. Its mother company, Allianz, has 126 million private and corporate customers in more than 70 countries. It is one of the world’s largest investors, managing over €802 billion of assets for its clients.