We’re excited to announce our partnership with Allianz Global Corporate & Specialty
Over the last year and half, entire industries have been forced to adapt and embrace change; the insurance sector was no exception. Traditional insurance processes are swiftly being replaced with modern approaches that utilize technology to automate and streamline operations. Our embedded insurance offering and standalone application provide event professionals with a quick and easy solution to obtaining their event cancellation coverage. The application has been reduced to around 15 questions and only takes a few minutes to complete. Through our relationship with Allianz Global Corporate & Specialty*, we can provide policies with premiums that more accurately reflect the event’s risk.
“By partnering with insurtechs, like eve, we can continue to drive the insurance industry forward while maintaining our customer-first focus. Our industry expertise and long track record insuring live events, paired with eve’s innovative approach to risk analysis and management, allow us to provide our customers with an insurance solution specific to their event. Together we can develop technology that addresses the evolving needs of the live event industry,” said Michael Furtschegger, Global Head of Entertainment.
Leveraging data makes it possible to create a more complete picture of an event’s risk. For example, simply by providing the name and location of the venue, eve’s technology can determine the likelihood of a wide variety of weather, natural catastrophe and flood conditions that could threaten the success of the event. Utilizing the event control platform, eve can also provide insights about the given venue based on events (in which the eve platform was also used) that previously took place in that location. A detailed understanding of the risk allows for a more proactive approach to risk management, more competitive policies and the assurance that customers are getting the right coverage. The data collected also provides a better understanding of the types of risks that may present themselves in the future resulting in better detection of emerging risks, like climate change, reducing the threat they pose and mitigating the havoc they cause.
“We’re thrilled to be partnering with AGCS,” said Joel Kelly, Founder & CEO of eve. “Events are returning bigger and better than before, but with more to do, less time to do it and fewer resources to pull it off, event organizers' jobs have become even more challenging. Insurance is a crucial component to any event - now more than ever - and with our new relationship with AGCS, we can ease some of the burden and help ensure our customers have great coverage.”
As an international financial services company, we offer our 92 million customers worldwide products and solutions in insurance and asset management. Allianz Global Corporate & Specialty is our dedicated brand for corporate, specialty and mid market risks and insures over half of the Fortune 500® companies.
*Policies issued by Interstate Fire & Casualty Company, an authorized surplus lines company of Allianz Global Risks US Insurance Company.
**eve is currently licensed in Texas and California. Event cancellation insurance is available for events taking place anywhere in the United States for businesses registered in these locations.