ALLIANZ GLOBAL WEALTH REPORT 2020

YEAR OF THE RICH

A year to miss for several reasons, 2019 was also when global wealth jumped to a new record high. But not everyone benefited. And a positive trend towards financial equality reversed, according to the latest Allianz Global Wealth Report...

WEALTH BAROMETER

In the spotlight

Barbara Karuth-Zelle

She loves to laugh. She’s eloquent and engaging. Barbara Karuth-Zelle, who is joining the Allianz SE Board of Management, is curious about other people and knows how to accept and motivate them “as they are”. In fact, she’s a “team whisperer”, which is easy to believe when she talks about her childhood: there’s a hint of the spirit of the late sixties.

PORTRAIT

Chris Townsend

He grew up in the country-side, in a village in the south of England with barely 1,000 inhabitants. Yet he sees through the globalized world of insurance more sharply than many others. Over the past three decades, Chris Townsend has worked in four continents and traveled to 70-80 countries. He is now joining Allianz SE as a member of the Board of Management.

PORTRAIT

Cyber Risk of Virtual Car Keys

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.”

Allianz Motor Day

Covid-19: Liability Risk Trends

Liability exposures for companies around the world are increasing. Factors such as rising litigation, collective redress and large court verdicts, costly and frequent recalls in the automotive and food sectors, the disruptive impact of civil unrest and riots, and environmental concerns will likely impact businesses and their insurers in future, according to a new report from AGCS.

Pandemic pains

Results 2Q 2020

The results for the 2nd quarter of 2020 were released on August 5.

Sustainability @ Allianz

Sustainability is an integral part of our business and value system.

What we do

Latest News

Sep 29, 2020

Africa's Jubilee Insurance and Allianz forge strategic partnership

Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”), East Africa’s largest insurance group, and Allianz, one of the world's leading insurers and asset managers, have signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates.

Sep 25, 2020

Changes to the Allianz SE Board of Management

Barbara Karuth-Zelle (51), currently CEO of Allianz Technology SE, has been appointed to the Board of Management of Allianz SE in charge of Operations and IT, effective January 1, 2021. Christopher Townsend (52) has been appointed to the Board of Management of Allianz SE in charge of Global Insurance Lines, including AGCS and Euler Hermes, Reinsurance, Anglo Markets, Middle East and Africa, effective January 1, 2021.

Aug 18, 2020

Allianz Benelux and Monument Re announce closed book portfolio transaction

Allianz Benelux (Belgium) and Monument Re have agreed to transfer a closed book of classical life retail insurances together with 4,500 mortgage loans to Monument Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals. The transaction includes a portfolio of 95,000 policies with technical provisions of 1.4 billion euros under Solvency II.

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