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 X, the digital investment unit of the Allianz Group, announced today it has received additional investment from Allianz SE, increasing its fund size to 1 billion euros. Allianz X becomes one of the largest European firms dedicated to digital investment by fund size.
Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1.5 billion euros. The program shall start on March 1, 2019 and be finalized by December 31, 2019 at latest. Allianz SE will cancel all repurchased shares.
Allianz partners with FPT Group to enter Vietnam market
Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture to be set up with the FPT Group – driving long-term success in the market and expanding Allianz’s footprint in Asia. The signing ceremony took place on the sidelines of the World Economic Forum in Davos.