After modernising and reinventing its engineering business with the Engineering Inspection business and Construction Select, Allianz has now merged and rebranded the business as Allianz Engineering, Construction and Power (ECP).
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.
He added: “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.”
Under the new name and model, ECP provides customers and broker partners with:
- 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 says ECP is “underlying 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.”
This launch comes just over a week after the environment minister, Denis Naughten was urged to adopt a target where 70% of all energy comes from renewable sources by 2030.
Little added: “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”.
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