Allianz Global Corporate & Specialty®
SRMC Presentation
Corporate Aviation
Table of
contents
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Definition and Uses
Canadian Market Capacity
Key Areas To Consider
Additional Coverage Options
Allianz- An Introduction
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Definition and Uses
Definition of Use:
“Industrial Aid” means the operation of the aircraft by the Insured, but excluding
any operation for hire or reward. Flights for which there is cost reimbursement
shall be included within the definition of Industrial Aid.
Typical Uses include:
Executive Transportation, Employee Shuttle, Utility work on behalf of the
Named Insured
Typical aircraft types Allianz Corporate clients operate:
Single Aircraft operations Bombardier BD100 /Boeing BBJ
Managed Fleet
Mixed type including Global Express
Executive Charter
Citation/Falcon and Bombardier aircraft
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Canadian Market Capacity
Canadian Aviation Market Premium:
All Aviation Business:
$250,000,000 (Industrial Aid approx 10% of total)
Allianz Aviation Share:
$ 46,000,000
Allianz Capacity:
Hull Value:
$ 75,000,000
Liability Limit:
$550,000,000
Passenger Seats:
50
Exposure:
High Values and Limits with low utilization.
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Key areas to consider
Insurer:
Aircraft type and age
Pilot qualifications and annual recurrent simulator training
Who performs the maintenance
Area of Operation including EU due to high limit requirements for
flights into European Airspace
Annual Utilization
Safety Management Systems
Claims Record
Client:
Aircraft Hull Physical Damage value - is this sufficient
Liability Limit – is this sufficient to meet contractual /area of operation
minimum requirements
Coverage Extensions including Loss of Use
War Risks Write-back Hull & Liability
Stability of Insurer and ability to manage claims Worldwide, licensing for local
policies
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Additional Coverage Options
Aircraft Hull Deductibles Nil
Medical Payments$10,000 per passenger / crew
Automatic Insurance for Increase In Value+25% of value
Baggage Liability$10,000 per passenger / crew
Emergency Landing Expense Up to 20% of insured value
Extra Expense – Renting Substitute Aircraft no per day amount /$300,000 per occurrence /
60days max / 5day wait period
Extra Expense – Temporary Replacement Aircraft Parts $50,000
Host Liquor Liability $Policy Limit / aggregate
Physical Damage to Spare Engines and Parts $1,000,000 / $1,000 deductible
Employee Mechanics Tools $25,000 per employee/occurrence - $1,000 deductible
Policy Territory Worldwide
Runway or Aircraft Foaming $250,000 Search and Rescue Expenses $250,000
Trip Interruption Expense $10,000 per passenger
Unearned Premium Insurance
War Risks - Hull Included
War Risks – Liability $Policy Limit / up to max $50,000,000 occurrence/ aggregate
Contingent Employers Liability
Mexican Policy Included for no additional cost
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Additional Coverage Options
Premises Liability $Policy Limit
Mobile Equipment Liability $Policy Limit
Hangars and Contents of Others (TLL)$1,000,000
Premises Medical Coverage $10,000 each person
Hangar Keepers Liability $Policy Limit each aircraft/occurrence / $1,000 Deductible
Products Liability - Sale of Aircraft & Parts, Maintenance, Food, Beverages $Policy Limit /
aggregate
Automatic Attachment for Newly Acquired Aircraft up to $Highest insured value / 55 seats - FW/RW
Land
Cargo Liability $250,000 / $1,000 deductible
Personal Injury Liability$25,000,000 offence/aggregate or aircraft limit, whichever is less
Passenger Voluntary Settlement $250,000 including crew
Non-Owned Hull $Highest insured value / max 50 seats / FW/RW Land / Standard Airworthiness
Certificate
Non-Owned Liability $Policy Limit / max 50 seats / FW/RW Land / Standard Airworthiness
Certificate
Non-Owned Medical Payments$10,000 per passenger
Limited Contractual Liability Included / 30 day report
Lay Up Credit Provision 50% Hull & Liability / Minimum 45 day lay-up
Date Recognition Exclusion – Limited Write-back Provision
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Corporate Aircraft Policy
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Allianz
An Introduction
Allianz Group is one of the world’s leading insurers and financial
services providers
 Founded in 1890 in Berlin, Allianz companies now extend to over 70
countries with more than 155,000 employees and 75 million customers
 Insurer financial strength rating of AA (‘Stable’) from S&P and A+ (‘Stable’)
from A.M. Best
 International network of strong brands,
with first-class products in the fields of:
1. property and casualty insurance
2. life and health insurance
3. asset management
For more information visit www.allianz.com
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Allianz
Ahead worldwide
 Number 1 in P&C business
 Number 5 in Life business
 Number 1 in Credit insurance
 Largest global Assistance provider
 Top 5 asset manager globally
 Among global Top 3 insurers based on
market capitalization
 Among the highest rated global P&C
insurers in the world
 Among the Top 20 of the world’s largest
corporations based on revenues1
1)As
per 2010 Fortune Global 500© report
All rankings based on 2009 or 2010 data
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Allianz SE Results 2010
In summary
 Strong performance in 2010
 Revenues up 9.3% to €106.5bn
 Strong operating profit (+17%) at €8.2bn
 Net income up 12.0% to €5.2bn
 P&C business: €4.3bn operating profit (+5.9%)
despite challenging NatCat year
 L&H business: continued strong growth, €2.9bn
operating profit
 Shareholders’ equity up 10.9% to €44.5bn
 Group solvency ratio up 9%-points to 173% as at
December 31st 2010
 Allianz SE maintains its strong financial ratings
1
Record revenues achieved
2
Over €1bn in NatCat claims
paid
3
€91.4bn paid to insurance
customers
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Diversified business key to
strength
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Solvency ratio further
improved
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Excellent capital position
S&P commentary (Sep 2010): “stronger capitalization compared with global multiline peers” · “very
strong financial flexibility” · “continuously resilient and very strong earnings capacity”
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Allianz Global Corporate & Specialty
Established financial security through diversity
Gross written premiums 2010 by business line
Gross written premiums 2010 by region
 Total combined gross premium 2010: €4 billion
 Significant underwriting capacity for large corporate risks worldwide
 A diversified business portfolio – both by segment and geography
Benefits of such diversity include lower capital requirements and smoothed
performance – ensuring sustainability and stability for our clients.
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www.agcs.allianz.com