Allianz Global Corporate and Specialty is offering new risk consulting, captive fronting and crisis management services for its property & casualty business clients.

The new business initiative is being launched in Central and Eastern Europe and the Mediterranean, Allianz’s core markets.

The new services are being offered on a pay-as-you-go basis. Traditionally risk consulting and insurance services have only been available as part of insurance cover. Customers will also be able to bundle these services into an insurance program to improve their risk management strategy.

The risk consulting services will include predictive risk analytics, monitoring, risk visualisation, mitigation and prevention. Captive fronting will reduce complexity and improve compliance for captive insurance programs, and its crisis management services will help companies respond quickly to a claims or crisis scenario to reduce financial losses and reputational damage.