Allianz offers customers an increasing number of green solutions

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Allianz offers customers an increasing

number of ‘green’ solutions

Climate change is one of the biggest challenges we face in the

next decades. Experts expect further increases and volatility in

risks and losses to result from global warming. Therefore Allianz

aims to increase awareness for climate risks in the public debate

and to promote new areas of action and business opportunities

surrounding green solutions. Hereby, Allianz takes a leading role

on the issues.

Within the last years Allianz Group has developed many products

and services that help clients to e.g. adapt and mitigate climate

change or take its environmental impact into account. This fact

sheet comprises a selection of more than eighty ‘green’ solutions

Today, Allianz ‘green’ products and services cater to private or

corporate customers all over the world and include insurance,

asset management and other specialized solutions.

“Climate change and environmental protection continue to be

of high interest for the political agenda and society at large.

With our ‘green’ products and services, we help customers to

be green when it comes to financial services,” says Armin

Sand-hövel, CEO of Allianz Climate Solutions. “An increasing part

of our business is ‘green’. However, it is difficult to give precise

numbers, since many standard products now have ‘green’

aspects,” adds Sandhövel. “On top of green solutions Allianz

invests in renewable energy and energy efficiency projects

supporting its CO

₂

reduction strategy.”

Factsheet

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Allianz offers many green solutions that help our customers cope with the changing environment:

• In car insurance, products range from car insurance discounts

for hybrids, driving less or using public transport, to sophisticated

solutions where customers can elect to offset their emissions

when purchasing insurance or upgrade to hybrids after

an accident.

• Property insurance provides special cover for using renewable

energies or upgrading a home or property to be ‘green’. Some

subsidiaries offer energy consultations or energy certifications.

• Solutions agains natural catastrophes and those that protect

natural resource for example: weather risk solutions.

• Asset management products include funds that invest in re-

newable energies, water or green technology or in companies

that are environmentally sustainably managed.

• Other solutions include loans for renewable energies equipment

of property, or a carbon reduction insurance program.

Allianz companies with Green Solutions

ROSNO, Russia

Allianz Austria

Allianz Slovakia

Allianz Poland

Allianz Italy

Allianz Greece

Allianz UK

Allianz Ireland

Fireman’s Fund USA

Allianz Hungary

Allianz Germany

Allianz Czech Republic

Allianz Belgium

Allianz Global Assistance, France

Allianz Spain

Allianz France

Allianz Turkey

Allianz Global Corporate

& Specialty (AGCS)

Allianz SE Reinsurance

Euler Hermes

Allianz Bulgaria

Allianz Bank Germany

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Factsheet

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Allianz insurance solutions for private and commercial clients

Car insurance – private client solutions

Company Solution Description

Allianz Australia Allianz France Allianz Italy

Motor Insurance (low km/low vehicle use discount)

Premium discount for customers that do not use their vehicle to commute daily to work or study (e.g. because they use public transport) and/or travel less than a certain number of kms per week. Allianz Austria Allianz Bulgaria Allianz Belgium Allianz Ireland Allianz Italy

Environmental motor discount Reduced insurance premiums for low-emission vehicles (Ireland: minimum 10% discount, Bulgaria 5%, Belgium 5% discount on annual car insurance for vehicles with CO₂ < 116g/km and Italy discount on hybrid cars which grant a 25% reduction on MTLP rates, electric cars are granted a 50% reduction on MTLP rates).

Allianz Austria Allianz UK

Recycled Parts in Vehicle Repair A program to encourage policyholders, other vehicle insurers, car-repairers and manufacturers to use recycled parts for vehicle repairs.

Allianz Germany Discount for e-automobiles Discount on automotive liability and assistance physical damage insurance for customers that drive e-automobile. Special service for e-automobiles through roadway repair service. Covers long distance pick up drives to special e-car repair shops and plug in hybrids. Allianz Ireland Eco-Bonus 20% discount on annual car insurance for customers that hold annual public trans-

portation passes.

Fireman’s Fund, USA ‘Green’ Auto Hybrid Upgrade Replaces vehicles after a total loss with a new model and offers an upgrade to a hybrid vehicle.

Car Insurance – commercial client solutions

Allianz Czech Rep. Insurance on hydrogen Buses Offers insurance for hydrogen bus with hybrid electric propulsion and hydrogen fuel cell. Allianz Italy ‘Green’ Car Insurance Offers coverage for modern vehicles that are environmentally friendly and following

the environmental criteria in Italian city centres.

Fireman’s Fund, USA ‘Green’ Commercial Car Offers new replacement coverage for commercial vehicles, insuring the full replacement cost of autos that are stolen or damaged beyond repair. A hybrid upgrade endorsement is available.

Property Insurance – private client solutions

Allianz Australia Allianz Austria Fireman’s Fund, USA

Home Building Insurance ‘Green’ for Old benefits

In the event of a total loss an additional $ 5,000 is available for expenditure on solar hot water, photovoltaic power, grey water recycling systems or rainwater tanks for no additional premium. Money can be leveraged with government grants/rebates, which can increase the value of improvements.

Allianz Austria Insurance of passive houses and renewable energy

Offers a coverage for passive houses plus related photovoltaic and housing technology facilities.

Home Content Insurance ‘Green’ for Old benefits

In the event of loss or un-repairable damage low efficiency white goods and TV-Sets are upgraded to energy efficient products without paying any additional premium.

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Factsheet

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Allianz Belgium Fire Insurance Solar Covers solar panels and eco-installations (as for example heat pumps).

Offers an extended option “No pollution @Home” that covers the cost of soil remediation (including the removal, transportation and land filling of contaminated soil).

Allianz Czech Rep. Allianz France Allianz Germany Allianz Hungary Allianz Italy

Home Insurance:

Renewable energy equipment

Covers all risks (technical, natural, thefts, damage) or selected risks.

Allianz Germany Allianz Global Assistance, France

Germany: Energy Package & Energy Advisory Services

France: Energy Saving Pack

Package for home owners which provides: energy calculator, diagnosis and evaluation of energy performance of property, advice for the investments to improve energy savings and domestic CO₂ emissions, craftsmen service for upgrading the property, and special financing for modification of the building.

Fireman’s Fund, USA ‘Green’ Homeowners Offers coverage to policyholders with ‘green’ homes or that want to upgrade their residences with ‘green’ features after a loss using environmental safety and efficiency standards. Homeowners’ with residences that are already ‘green’ are granted a 5% discount.

Energy Star Buildings Discount and Advisory

Policyholders with Energy Star buildings are eligible for a five percent discount since 2010. The tool helps property owners to benchmark their buildings’ energy and water consumption to identify under-performing buildings and work with policyholders to set related investment priorities, develop energy management goals, and track performance and savings over time.

Green Risk Advisor Provides property owners with green insurance information, tools and resources. The Green Risk Advisor web site to informs on how businesses can learn about the green economic value proposition, understand how green insurance works, and identify and implement no- and low-cost green and sustainable techniques.

Allianz Brazil Property Insurance Against business interruption for carbon credit operations.

Property Insurance – commercial client solutions

Allianz Argentina Allianz Austria Allianz Brazil Allianz Bulgaria Allianz France Allianz Germany Allianz Italy Allianz Spain Allianz Turkey Allianz UK

Renewable Energy Insurance & Services

Other packages for various types of renewable energy installations (wind, photovoltaic, biogas, biomass, biodiesel, wave & tidal energy), technical advisory services, financing of the installations. May include insurance of construction and Third Party Liability as well as providing a risk analysis.

Allianz Austria ‘Green’ Risk Management Provides solutions to come to grips with energy costs, lower CO₂-emissions and possible risks.

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Factsheet

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Allianz Greece Photovoltaic insurance package Targeting small and medium solar photovoltaic investments in Greek territory. AGCS (global) Green reinstatement for

corporate clients

Provides solutions to protect both financial and environmental investments, in case customers have built ‘green’ buildings, made ‘green’ renovations to existing buildings or want to rebuild ‘green’ in the event of a loss.

Fireman’s Fund, USA ‘Green’ Sustainable Manufacturing

Coverage after partial or total loss. Replaces replace damaged business property with ‘green’-rated equipment, products and construction materials. Offers pricing credits to manufacturers who employ sustainability initiatives, practices and products. Green-Gard ‘Green’ Building Replacement of standard systems and materials with ‘green’ ones after a loss.

In event of total loss rebuilding costs will be covered to rebuild as a ‘green’ certified building. If the property is already ‘green’-certified it benefits from a 5% premium discount on its regular insurance coverage.

Allianz Italy All Risk discount Discounts on All Risks insurance to businesses having a certified environmental management system (ISO or EMAS) based on an agreement between the Italian Entrepreneurs’ Association and the Italian Insurers’ Association. Insurance covers wind, photovoltaic, biomass, small hydroelectric plants with CAR (Construction All Risks), at times associated with Third Party Liability, and Operational All Risks, less often associated with Third Party Liability – against damages by third parties, natural events and machinery breakdown.

Environmental Reward Insurance Corporate customers who have introduced an environmental management system certified in accordance with ISO 14001 or validated by EMAS will receive a reduced premium on their insurance policy.

Allianz UK Energy Certification Products A suite of products launched in line with the EU Energy Performance of Buildings Directive (EPDB) incl. energy certification for buildings or for heating and cooling systems. ‘Green replacement’ on

machinery

A number of products (e.g. computer and machinery breakdown) allow an insured pay up to 10% more than the normal new replacement value for an equivalent machine, to instead replace with a machine that; consumes less power, is made of more environ-mentally materials (is more recyclable) or uses less materials.

Insurance against natural catastrophes / Insurance of natural resources

Allianz Australia Plantation Insurance The value of carbon credits expected to be generated by plantations can be incorporated into the insured value so that compensation for the loss of value of the credits can be obtained in the event of a loss (e.g. fire).

Crop Water Stress Insurance Covers corporate clients for yield loss in large scale crops due to erratic rainfall. Allianz Austria Insurance of passive houses

and renewable energy

Offers a coverage for passive houses plus related photovoltaic and housing technology facilities.

Home Content Insurance ‘Green’ for Old benefits

In the event of loss or un-repairable damage low efficiency white goods and TV-Sets are upgraded to energy efficient products without paying any additional premium.

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Factsheet

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Insurance against natural catastrophes / Insurance of natural resources

AGCS (EU) Allianz Brazil Allianz Germany Allianz Hungary Allianz Italy Allianz Slovakia Allianz Turkey Allianz SE Reinsurance

Environmental Pollution Liability Insurance

Covers sudden, accidental and unexpected pollution of the environment if it was caused by an event that deviates from the normal production process.

Allianz Brazil ROSNO, Russia

Forestry Insurance Covers against fire, weather risk or other extraordinary natural phenomena.

Allianz Bulgaria Electronic Equipment Insurance Material damages, of the insured photovoltaic property, including operation system of solar power-plants; Material damages to data storage devices, and consequential loss of data stored on them, increased costs, required for continuing the business activity following the occurrence of an insured event. Insurance covers as well profit loss due to material damages of electrical equipment after natural calamity, hail, windstorms, inundations etc.

Allianz Czech Rep. Insurance of biogas stations Offers special tailor-make insurance of biogas stations and supports energy production coming out from renewable resources.

Allianz Germany Decontamination Disposal Insurance

Covers in the event of soil contamination and subsequent waste disposal as an option in real estate insurance policies.

AGCS (global) Weather Risk Solutions Coverage against changes in temperature, precipitation, wind and other weather elements as they may influence businesses by causing increased costs or delay, reduced supply of resources, or decreased demand-based revenue.

Allianz Turkey Onshore facilities sea pollution Liability

Covers damages caused by oil or other harmful substances (incl. legal liability, clean-up costs, injury/death of third parties, property and water pollution).

Damage that predictably or gradually occurred, is excluded from coverage. ROSNO, Russia MPCI & Weather Index Crop

Insurance

Covers farmers against weather risks that can cause losses and bankruptcy.

Weather Insurance Program Covers fluctuations in incomes or expenses depended on weather changes for different spheres of business (energy, construction, travel, retail and etc.).

Asset management products

Allianz France Allianz Euréco Equity:

an environmentally themed SRI fund

The fund selects companies through ESG screening criteria (environment, social, corporate governance, business behavior & human rights). Investee companies provide environmental products, solutions and services by focusing on companies operating in the key areas: Reduction of harmful emissions (energy efficiency), Renewable energies (solar, wind, biomass, hydraulic), Environmental services (infrastructures, water, sanitation). RCM RCM Global Water Fund Invests in companies that are improving the availability of clean water around the world.

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Allianz Climate Solutions

(ACS) advises external customers as well as Allianz Group companies on issues concerning renewable

energy, clean technology and the carbon market. ACS has many years of experience in renewable energies and provides customers

with access to innovative insurance products, market expertise as well as detailed risk assessments. The Allianz Group has an

extensive global network and outstanding competencies, which are combined with the expertise of Allianz Climate Solutions –

creating synergies which benefit our customers and partners. ACS was founded in 2007, its CEO is Armin Sandhövel.

Contacts: Climate & Responsibility: Nick Tewes, nicolai.tewes@allianz.com | P&C: Katerina Piro, katerina.piro@allianz.com; for individual products and solutions, please contact the spokespersons of the individual local subsidiaries.

Further information: www.acs.allianz.com; www.knowledge.allianz.com

Related publications: Allianz Sustainable Development Report | Fireman’s Fund Green Press Kit | RECIPE study | Tipping Points Study Compiled by: Katerina Piro, Group Communications, P&C Project, katerina.piro@allianz.com;

Others

Allianz Belgium Mortgage Loans Special reduction on mortgage loans for environment-friendly home investments. Allianz Brazil Surety Coverage For renewable energy projects (wind, biomass, photovoltaic, hydro), all the projects that

require performance, bid, warranty or completion bonds, and down payment to get a finance approval.

Allianz Bank Germany

Photovoltaic loans Retail loan to finance photovoltaic panels installed on client’s roof tops which feed electricity into local grids.

Allianz France Allianz Citizen Care SRI: a socially themed SRI fund

The fund selects companies through ESG screening criteria (environment, social, corpo-rate governance, business behaviour & human rights). It focuses on companies which demonstrate responsible conduct vis-à-vis citizens / consumers and their environment. Investee companies provide solutions to the growing need for citizen / consumer protec-tion (e.g. healthcare, inspecprotec-tion/certificaprotec-tion services, water & waste treatment, non toxic construction materials...).

Allianz Germany Allianz Hungary

Sustainable unitlinked life insurance with sustainable options

Enables customers to direct the money for unit-linked annuity insurance to sustainable investment funds. Customers of Allianz Life have the possibility to design their individual unit linked life insurance since January 1, 2011.

Allianz Italy Sustainable Funds Offers customers the opportunity to invest in a number of “green” or sustainable funds, including funds which invest in renewable energies. Funds are either managed by Allianz or third parties.

Allianz Poland Allianz Bonus: Climate+Climate Core Endowment policy structured products. Structured part is built from climate-oriented indexes (new energy, water power, agriculture products, biofuel, etc.). Sold for both individual clients and external distributors.

ROSNO, Russia Carbon Reduction Insurance Program

Aims at enterprises implementing greenhouse gas emission reduction projects and creditors thereof. The developed program covers risks incurred by participants of the emission reduction market under the Kyoto protocol.

Euler Hermes (global)

Corporate clients Bond Bonds for corporate clients which are active in wind power, hydro power, solar energy, biomass, biofuel. These bonds support the construction, completion and operation of all sorts of renewable energy facilities.