Allianz Worldwide Care in deal with red24 to offer security/risk cover

Allianz Worldwide Care, the Paris-based health and life insurance division of Germany’s Allianz Group, is introducing a security and risk management service for multi-national companies, to enable them to provide protection for employees operating in high-risk or unstable areas.

As part of the new service, it has agreed a partnership deal with red24, the UK-based, London Stock Exchange AIM-listed corporate risk services provider.

Under the deal, Allianz said it will offers clients “access to a global network of expert security specialists, providing real-time destination risk reports and analysis”.

This, it noted, in a statement announcing the deal, will give client organisations “a comprehensive overview of the security risks involved when moving or travelling to potentially volatile locations, with full support from a 24/7 emergency assistance team”.

An example of red24’s monitoring of the risks involved in various countries may be seen in its annual “Global Overall Risk Map” (see excerpt, pictured),  and its “Global Terrorism Risk Map”.

Allianz Worldwide Care (AWC) said its new package of services will also include a wide range of tools that offer detailed country risk assessments, pinpoint the geographic location of employees during a crisis, provide for organised ‘meet and greet’ and ‘check-in’ security services when travelling in high-risk locations, and provide detailed cultural awareness programmes.

Alexis Obligi, director of sales and marketing at Allianz Worldwide Care, said that the such coverage “has never been more important” than it is now, “with the ever-present threat of natural disaster, civil unrest or terrorist activity” in many parts of the world.

AWC said its Allianz Corporate Assistance Services are supported by multi-lingual, 24/7 emergency support and on-the-ground assistance, with client companies being given the opportunity to choose the services and support they feel best suit their needs.

Allianz Worldwide Care is a part of Allianz Group’s Allianz Worldwide Partners operation, which looks after more than 250 million beneficiaries in 34 countries. Formerly based in Dublin, AWC maintains an operational hub there but is now headquartered and regulated in Paris.

Red24 listed on AIM in 1999 as Perthshire Leisure plc, with what is now its main business, red24, beginning in 2001 as a division of the company created to provide online security risk management and personal services. It changed its name to red24 in 2007 to reflect what had, by then, become its core activities.

Red24 has offices in London, New York, Cape Town, Munich and Singapore, and maintains “an operational footprint in all regions of the world”, according to its website.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

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