Tag: Allianz

According to the report, cyber, autonomous shipping and piracy risks are the current major concerns for the industry as economic pressures challenge budgets. 85 large ships lost worldwide in 2016, down 50% over a decade. Top losses were reported in South China and Southeast Asia and now East Mediterranean region is considered as the top incident hotspot.

A new report conducted by Allianz has found that companies face rising liability losses around environmental, cyber, product defect and recall risks, although improvements in risk management and safety regulation are leading towards a gradual reduction in everyday incidents, such as slips and falls, accidents and workplace injuries in developed markets.

A new study conducted by Allianz has the cyber threat is considered as a major concern globally for businesses. Also, market developments and volatility is an important business peril in 2017 and the top concern in the aviation/defense, financial services, marine and shipping and transportation sectors, as well as across the Africa & Middle East region in general.

Allianz and MCS have taken delivery of a Damen Fast Crew Supplier 2610. The new vessel will offer safe and cost efficient crew transfer services for up to 50 passengers to and from the Abu Dhabi oil fields.

Allianz Global Corporate & Specialty has released a new report on the Panama Canal Expansion Project to commemorate the opening of the new locks on June 26th. Allianz examines how this project will impact traffic of larger vessels, value of insured goods and risk management

SAFETY4SEA Team asked Capt. Andrew Kinsey, Senior Marine Risk Consultant, Allianz Global Corporate & Specialty few questions regarding the findings of the ''Safety & Shipping Review 2016'' published by Allianz

According to Allianz Global Corporate & Specialty (AGCS) annual ”Safety and Shipping Review ” there were 71 reported shipping incidents in Arctic Circle waters during 2015, up 29% year-on-year and the highest in a decade

The shipping industry has been proactively working to reduce emissions, but there have been unexpected safety implications connected with the use of ultra-low sulfur fuel. Engine problems and power issues have been reported and such incidents could increase as regulations on sulfur content in fuel tighten further. According to Allianz Global Corporate & Specialty (AGCS) annual ”Safety and Shipping Review ” there has been an increase in machinery claims in relation to fuel.

Allianz Global Corporate & Specialty (AGCS) has issued annual ''Safety and Shipping Review '', a report which focuses on key developments in maritime safety and analyzes shipping losses (of over 100 gross tons) during the 12 months prior to December 31, 2015. According to the report, the maritime industry saw the number of total losses remain stable during 2015, declining slightly to 85; the lowest total for a decade and the second year in a row annual losses fell below 100.