Tag: Allianz

In its latest Safety and Shipping Review, Allianz explores the growing risks posed by the shadow fleet: an expanding network of aging, covertly operated tankers involved in illicit oil trade. 

Allianz Commercial has published its Safety and Shipping Review for 2025, which finds that the industry faces an increasingly volatile and complex operating environment, marked by attacks against shipping, vessel detentions, sanctions, as well as the fall-out from incidents involving damage to critical sub-sea cables.

Cyber incidents is the top global risk for 2025 and by a higher margin than ever before - making it the fourth year in a row that cyber is ranked as the number one risk across industries.

Allianz Commercial explains that enhancing shipyard capacity will be essential for facilitating the addition of thousands of environmentally friendly ships to the worldwide fleet over the next twenty-five years.

Allianz Commercial explains that in addition to the problems and disruptions caused by attacks against shipping in the Red Sea and the Middle East, together with drought in the Panama Canal, cargo theft is also on the rise, driven by current economic conditions.

Allianz Commercial has published its Safety and Shipping Review for 2024, which finds that the sector will have its work cut out to maintain this status quo in future. 

Volkswagen AG has to deal legal challenges following a catastrophic fire onboard incident involving the cargo ship Felicity Ace in 2022.

Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024 (36% of responses), according to the Allianz Risk Barometer 2024.

Allianz will now publish a new series of bulletins to assist stakeholders with risk mitigation and loss prevention measures for emerging risks. A recent bulletin, issued in October, focuses on Lithium-ion batteries and their association hazards. 

Allianz Commercial’s "A turning point for offshore wind" report identifies emerging trends and a number of risk challenges facing the sector as it prepares for global growth.