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 announces three senior leadership appointments: Birgit König, currently the Chief Executive Officer of Allianz Deutschland’s private health insurer Allianz Private Krankenversicherung (APKV) and Member of the Board of Management of Allianz Deutschland, will head the international unit Allianz Digital Health (ADH) with effect from April 1, 2019
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.