Allianz launches ‘Engineering, Construction & Power’

Posted on: 11 October 2018

Having reinvented the Allianz Engineering business through the completion of the modernisation of our market leading Engineering Inspection business, the creation of expert-led underwriting teams and the launch of Construction Select, Allianz is today announcing a new brand name to its customers and insurance broker partners - Allianz Engineering, Construction & Power.

Allianz’s director of engineering, construction & power Chris Little, said: 

I am delighted to announce the re-brand of our engineering business. The re-brand positions Allianz Engineering, Construction & Power as a multi-niche insurance and inspection provider.
"The launch cements Allianz’s investment in creating dedicated multi-niche teams focused on the engineering, construction and power sectors and the creation of expert-led solutions at every interaction with the customer."

Allianz Engineering Construction & Power provides:

  • Multi- class covers - A wide range of covers to protect a business’ assets, employees, legal liabilities and revenue.
  • Dedicated underwriting teams - Direct access to expert underwriting teams across Engineering, Construction and Power, with extensive knowledge and experience across all sectors. This builds on Allianz’s new approach to underwriting construction business, having already introduced teams located in the sector’s key regions.
  • Award-winning claims service -  Claims handlers that understand the loss, are fast to respond and work closely with a panel of specialist loss adjusters to settle the claim quickly.
  • The largest Engineer surveyor network - 620 UKAS accredited engineers with the expertise to conduct inspections on plant and machinery anywhere in the UK.

Allianz Engineering Construction & Power is underlining its focus on renewable power by offering a proposition which covers both the construction and operation of renewable technologies targeting the commercial operators of wind, solar and hydro power.

The renewables suite of products provides comprehensive Construction Risks and Operational Risks cover, with associated Public Liability and Business Interruption available alongside other optional covers. The proposition will be backed by dedicated underwriters and supported by the expertise of the Allianz Group which has a global presence and experience in renewable power.

Chris Little commented:

With over 100 years’ of insurance experience and together with our market-leading engineering inspection and consultancy services, I am confident that this re-brand and our new renewables proposition will meet the needs of brokers and customers in these important and growing sectors."