Allianz Worldwide Care sails with Steamship Mutual

Insurers ink partnership to provide ship crews with complete insurance coverage

Insurance News

By Louie Bacani

Allianz’s healthcare arm has partnered with marine insurer Steamship Mutual to provide ship crews with complete insurance coverage.
 
Under the companies’ agreement, Steamship Mutual will cover a shipowner’s liability to his crew while Allianz Worldwide Care will provide insurance for medical and healthcare expenses.
 
The insurance provided by Allianz allows crewmembers to seek medical help without any personal cost if they are unwell or have an accident while onshore.
 
The coverage will be available for crewmembers, superintendents, their dependents, shore-side staff and all vessels in Steamship Mutual member’s fleet.
 
“‘Healthy body; healthy mind’ is a well-known expression and one that applies equally to seafarers,” said Gary Rynsard, executive chairman at Steamship Insurance Management Services. “If crewmembers arrive on board fit and well, they are less likely to make the kind of mistakes which not only cause claims, but also impact on the efficiency of vessel operations.”
 
“Every time a crewmember is sick or has an accident, there is a cost to our members’ business,” he added. “So, Steamship Mutual is delighted to have entered into this agreement with Allianz Worldwide Care to offer all our members, large or small, the opportunity to protect their crew at competitive prices.”
 
A provider of protection and indemnity insurance, Steamship Mutual globally insures over 9,000 ships of every conceivable type and size for both shipowners and charterers.
 
Steamship Mutual said the new partnership with Allianz is a natural progression for the club since it has been focusing its recent loss prevention initiatives on crew welfare.
 
 
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