Cyber risks and the impact of new technologies will have an increasing influence on the corporate loss landscape in years to come. However, it is fire and explosion incidents that cause the largest claims for insurers and the businesses they cover.
Despite the increased risks, Germany's overall economic capacity utilization will continue to increase in 2019, according to Allianz Research. Real GDP growth forecast is 1.7 percent in 2019 versus estimated 1.5 percent for 2018.
Allianz Africa has announced the appointment of Adja Samb as the Chief Executive Officer of Allianz Senegal. Adja will manage both life and non-life entities in Senegal. Allianz Africa has also announced the appointment of Xavier Laurent, previously CEO of Allianz Senegal, as the regional Head of Market Management. Both appointments are effective January 1, 2019.
Allianz to acquire the largest subsidy free solar project in Portugal
Allianz Capital Partners, on behalf of Allianz insurance companies, has signed the acquisition of the 218.8 megawatt Solara project in Portugal. Construction works for Solara have already started. The commissioning of the project is planned for summer 2019. Solara is located in Southern Portugal, around 230 km south-east of Lisbon.
AREF II now fully invested with solar energy from France and Italy
Allianz Global Investors announces that the Allianz Renewable Energy Fund II (AREF II) has been fully invested within 24 months following the purchase of further photovoltaic plants in Italy and France. The issuing period for AREF II to European institutional investors began in March 2016 and closed for further investments on November 15, 2016.