Allianz launches Risk Appetite Guides to assist brokers

4 October 2023

Allianz has launched a series of new Risk Appetite Guides to make it easy for brokers to provide insurance solutions that meet their clients’ needs.

The guides, developed across several Allianz Commercial products as well as Workers' Compensation (applicable to ACT, TAS, WA and NT), will help brokers determine which types of risks Allianz prefers to insure, and provide clarity around the referral guidelines.

Each guide will provide an overview of the most common sectors that Allianz covers, and the associated risk considerations, to assist brokers in gaining a quote for their clients.

General Manager of Underwriting, Andy Doran said, “Allianz has a wide risk appetite, which is good news for brokers. These Risk Appetite Guides are designed to provide clarity on the risks that we prefer to insure, risks that require more information, and those that we may not want to write.

“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.

“We plan to develop more Risk Appetite Guides for further types of insurance into the future to continue to support brokers and their clients,” he said.

The new guides will be available for SME, Motor Fleet, Farm, Workers' Compensation, and brokers can download them via Allianz Engage.

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Allianz Australia has been securing the future of our customers in Australia since 1914. We deliver a wide range of personal and commercial insurance products and services to more than 3 million policyholders. We also provide support for workers' compensation insurance to around 25% of the top 200 ASX companies, making us one of the leading workers' compensation insurers in Australia.

Allianz Australia Limited is a wholly owned subsidiary of the worldwide Allianz Group. The Allianz Group is one of the world's leading insurers and asset managers with corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services, credit insurance and global business insurance. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index.
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