What does a pandemic have to do with Tetris? Well, for one, they both start slowly and pick up speed very fast. Unlike Tetris, thankfully, a pandemic is possible to manage. However, what the pandemic highlighted, are the enormous challenges involved in insuring it. In addition, it also opened up new paths to future insurance solutions that could cover such global events of enormous proportions...
When crisis comes, we start reevaluating our nest eggs and future plans. The coronavirus crisis also challenged many aspects of our lives. An Allianz Life study explores the perceptions of Americans regarding market developments, their readiness to invest, and their retirement strategies...
Covid wreaked havoc on economies, jobs and people globally. You would think risk aversion would rise even among those it left financially unaffected. Au contraire, locked down savers, with few options to spend on, invested in riskier assets such as equities and investment funds, finds Allianz Research...
Allianz’s Annual Report 2020 details board members’ remuneration. The base salary, annual bonus, and perquisites are linked to the performance of 2020 and 2019, whereas the Allianz Equity Incentive payouts result from grants related to 2015 and 2014. Supervisory Board Chairman Michael Diekmann answers three questions on the changes in CEO Oliver Bäte’s remuneration.
Allianz Global Corporate & Specialty (AGCS), the corporate insurer of Allianz SE, and Munich Re have jointly developed a new commercial cyber risk insurance solution called "Cloud Protection +". This collaboration provides state-of the-art insurance exclusively designed for customers of Google Cloud enrolled in Google’s new "Risk Protection Program".
Allianz and Monument Re complete transaction in Belgium
Allianz and Monument Re have completed the sale of part of Allianz’s closed life book portfolio in Belgium. The transaction has been approved by the Belgian regulator with effective date April 1, 2021 and follows the announcement released in August 2020: Allianz Benelux and Monument Re announce closed book portfolio transaction.
AllianzGI joins the Net Zero Asset Managers Initiative
Recognizing the urgency to tackle climate change, AllianzGI announces its commitment to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C, by joining the Net Zero Asset Managers initiative. This new commitment comes as AllianzGI is accelerating its sustainable investment drive.
Allianz announced it has agreed to purchase the life and non-life insurance operations, as well as pension and asset management business from Aviva Group and acquire each 51 percent stake in Aviva’s life and non-life bancassurance joint ventures with Santander. On completion, the transaction, worth 2.5 billion euros, is immediately earnings accretive and comprises a purchase price of 2.7 billion euros and a dividend payment of 0.2 billion euros. .