Release: Immediate

Contact ISO:
Susan Kenney/Jessica Riccardi
MWW Group (for ISO)
(201) 507-9500
skenney@mww.com
jriccardi@mww.com
Allianz Media contact:
New York:
Jacqueline Maher
+ 1 646 472 1479
jacqueline.maher@agcs.allianz.com

 

Allianz and Verisk Crime Analytics Join Forces to Fight Cargo and Heavy Equipment Crime in Canada

  • Allianz teams up with Verisk Crime Analytics divisions CargoNet and National Equipment Register (NER) in Canada
  • Allianz policyholders receive preferred pricing on CargoNet and NER membership
  • Insureds receive incentives for early reporting of theft

Toronto – November, 13, 2012 – Leading global marine insurance provider, Allianz Global Corporate & Specialty (AGCS), announced an agreement between its Canada operations and the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK).

CargoNet and the National Equipment Register (NER) help prevent theft of cargo as well as heavy equipment through information sharing and collaboration of theft victims, their business partners and law enforcement.  

Phillip Best, Head of Marine Canada at AGCS explains, “Allianz has supported CargoNet and NER since Verisk launched them in the States. We are very encouraged by its progress in raising awareness of crime risks and we see many policyholders in Canada getting engaged in the program with thefts being reported to CargoNet and NER immediately. This strategic alliance and the new agreement will be a great incentive for our policyholders, their clients and the industry overall.”

David Shillingford, President of Verisk Crime Analytics adds, “It really makes a difference whether a theft is reported immediately or a day later. It’s much more likely that we can help law enforcement recover the stolen item if it’s reported quickly. We applaud Allianz for taking a leadership role in changing the habits of our industry and are pleased to have seen positive responses to this new joint endeavour in Canada.”

Allianz and Verisk Crime Analytics have had great success with CargoNet and the National Equipment Register in the United States. The initiatives were built to allow manufacturers, retailers, transportation and heavy equipment companies and their insurers to quickly and accurately share cargo/equipment theft information with law enforcement agencies and to analyze cargo theft trends. This will be especially important as there are currently no reliable statistics on cargo/equipment theft in Canada.

AGCS is one of the world’s leading marine insurers, offering insurance cover for all types of modern shipping including tanker, bulker or container ships and passenger vessels, as well as yachts and pleasure craft. AGCS also offers cargo insurance, covering physical loss or damage to international and domestic goods in transit. In 2011, AGCS’s marine business generated over US$ 1.2 billion in insurance premiums (on a gross written premium basis).

About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is Allianz SE's dedicated brand for corporate and specialty insurance customers. AGCS provides insurance and risk management support across the whole spectrum of marine, aviation and corporate business, including Energy, Engineering, Financial Lines (incl. D&O), Liability and Property insurance, including International Insurance Programs.

Worldwide, Allianz Global Corporate & Specialty operates in over 150 countries through the Allianz Group network and through network partners. It employs more than 3,400 people and provides insurance solutions to more than half of the Fortune Global 500 companies, writing a total of €4.9 billion gross premium worldwide annually (2011). Allianz Global Corporate & Specialty has a Financial Strength Rating of AA ('Very Strong') from Standard & Poor’s and of A+ ('Superior') from A.M. Best.

For more information please visit our website www.agcs.allianz.com.

About CargoNet
A division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK), CargoNet® helps prevent cargo theft and improve recovery rates through secure and controlled information collection among theft victims, their business partners, and sharing crime information with law enforcement. CargoNet is centered on a national database and information sharing system managed by crime analysts and subject matter experts. By applying a synchronized, layered approach, CargoNet exploits the weaknesses of cargo thieves at multiple points. CargoNet offers integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, and the TruckStopWatch program®. CargoNet also provides driver education and incentives, secondary market monitoring and interdictions, crime trend analysis and loss control services, and training. More information on CargoNet can be found at www.cargonet.com.

About National Equipment Register
A division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK), National Equipment Register (NER) helps equipment owners manage equipment risks. Since 2001, NER has helped thousands of equipment owners and their insurers deter theft and has enabled law enforcement to recover millions of dollars of stolen equipment through HELPtech®, a national equipment marking and registration program. In 2009, NER launched IRONcheck®, a machine-history search for used-equipment buyers. In 2011, NER launched IRONwatchTM, a no-monthly-fee GPS tracking and recovery device for mobile assets. NER’s data management skills and equipment expertise are also used by fleets to support compliance with new regulations. For more information, contact NER at 201-469-2030 or at info@nerusa.com. You can visit the NER website at www.NER.net.