The magnitude and impact of the COVID-19 pandemic on businesses, regardless of size or location, cannot be underestimated. Mass closures due to lockdown restrictions have sent shockwaves through the economy and led to the number of business interruption-related damages to soar. As a result, insurers have come under fire. They argue that pandemics are not insurable and insurance cover cannot be provided. Allianz, however, is working on solutions for the future...
As the challenging socio-economic conditions persist, Allianz Group demonstrated its resilience again in the third quarter of 2020 and recorded a solid performance in all business segments nine months into the year...
The United Nations-convened Net-Zero Asset Owner Alliance (AOA), of which Allianz is a founding member, has set its first target range for portfolio decarbonization until 2025. What role does this alliance aim to play in the world economy and what is the way forward?
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the pandemic, according to a new AGCS report.
Connected cars need to offer adequate protection from potential cyber risks, but at the same time they have to permit discrimination-free access to the vehicle’s data so that third parties can perform servicing. Just how complex that can turn out to be in practice was discussed recently by experts at the 8th Allianz Motor Day, focusing on the example of the “virtual car key.”
Euler Hermes: Successful extension of supply chain protection
The German government, Euler Hermes and other German credit insurers have jointly decided to extend their protective shield for the German economy by six months until June 30, 2021. The agreement is still subject to approval by the EU Commission.
Allianz agrees to purchase Westpac’s General Insurance business
Allianz today announced it has agreed to purchase the general insurance business of Westpac, and enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers.
Allianz and Telefónica create a partnership to deploy fiber in Germany
Allianz and Telefónica have reached an agreement for the creation of a joint venture to deploy Fiber-to-the-Home (FTTH) in Germany. Following closing, Allianz Group and Telefónica Group will each hold 50 percent in the joint venture company under a co-control governance model. Allianz Capital Partners will invest 50 percent in the JV on behalf of Allianz insurance companies and the Allianz European Infrastructure Fund.