Even as countries hobble out of lockdown, coronavirus retains its firm grip on the planet. Dozens of vaccines against coronavirus are being explored and tested. Can new methods accelerate the development of a solution for the pandemic?
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 3.7 percent, driven in particular by our Life/Health business segment but also supported by our other business segments. Total revenues increased 5.7 percent to 42.6 billion euros...
As the coronavirus pandemic impairs lives and livelihoods across the world, how are Allianz entities supporting customers and communities in their battle for survival? Here are some highlights from the Allianz universe so far...
In the latest report, we are focusing on Allianz’s commitment to long-term climate protection – both through our business activities as an insurer and investor and our corporate operations. The report gives an overview of a range of topics including how we manage ESG risks and opportunities.
For the first time ever, Cyber incidents (39 percent of responses) ranks as the most important business risk globally in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business Interruption (BI) (37 percent of responses) to second place.
Catharina Richter to lead Allianz Cyber Center of Competence
Effective June 1, 2020, Dr Catharina Richter will be appointed Global Head of Cyber Center of Competence for Allianz Group. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and governance across Allianz Group and is embedded into Allianz Global Corporate & Specialty (AGCS), the corporate insurance specialist of Allianz Group.
Euler Hermes study: Global insolvencies likely to rise 20 percent in 2020
The coronavirus pandemic is leaving deep scars on the global economy. According to credit insurer Euler Hermes, this will likely to lead to a deep recession in world trade and the global economy. Globally, the number of insolvencies is therefore likely to rise for the fourth time in succession in 2020 – albeit at an unprecedented rate of +20 percent.
In light of the uncertainties for the macroeconomic development caused by the current pandemic and the now available updated financial plans of the operating entities of the Allianz Group, from today's perspective the Board of Management does not assume that Allianz Group can achieve the target range for the operating profit for 2020 in the amount of 12 billion euros +/- 500 million euros.