One of today’s major challenges is reliable energy provision for private and commercial use. Demand is growing, and as insurers, we play our part in helping meet this demand with a specialist team focused on power and utility risks.

The Power and Utilities Expert Team provides continuous coverage for all phases of power generation projects, from erection to commercial, including machinery breakdown insurance. Our experience ranges from open to combined cycle turbines, from conventional to large hydro plants, and utility companies using multiple power generation and distribution technologies. Every company has different risk and exposure requirements. This is why we offer insurance solutions geared specifically for client needs, using specially developed tools that allow us to analyse complex risk and natural catastrophe exposures. In short, AGCS can take on the largest and most challenging projects in all areas of the industry. This project phase experience ensures that everyone involved is well prepared for the handover to the principal and subsequent operational phases of coverage.

The mining segment continues to play a critical role in the manufacturing chain as it focus on the extraction and primary processing the ores containing the base elements (feedstock) used by multiple industries.

The Mining segment deals with the extraction of ores, minerals, stone, clay, gravel, and similar commodities. The segment includes the primary processing of the ores at the mining site while further refinement of these commodities at other facilities downstream from the mines are not considered as part of the segment from the insurance point of view. Our Mining Expert Team provides coverage for mining projects both during the erection phase as well as once operational. Among our mining Clients are some of the world largest mining corporations having mining assets in multiple countries as well as smaller producers.

AGCS offers Contractors All Risks (CAR) insurance for building and construction projects. CAR provides comprehensive protection against physical damage – technical or other – from construction site activities, and extends financial security for owners and contractors.

All project construction phases – whether building construction or civil engineering – are insured under CAR. In contrast to “named perils,” CAR insurance covers all unforeseen physical damage, unless specifically excluded. We also offer project-related contractor plants and equipment insurance, and Advance Loss of Profits insurance. Claims and risk consulting services are especially important on a construction site, particularly with increasingly complex projects. The close evaluation of past claims is essential in preventing potential future claims. Allianz Risk Consulting conducts extensive pre-loss activities and joins underwriters when visiting large construction sites to assess and analyze risks.